finance

posted by .

You have chosen biology as your college major because you would like to be a medical doctor. However, you find that the probability of being accepted to medical school is about 6 percent. If you are accepted to medical school, then your starting salary when you graduate will be $332,397 per year. However, if you are not accepted, then you would choose to work in a zoo, where you will earn $30,220 per year. Without considering the additional educational years or the time value of money.

What is your expected starting salary?
What is the standard deviation of that starting salary?

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Medical

    It was discovered that a medical assistant discussed the medical condition of a high-profile individual in public. This resulted in the condition becoming publicized information. What were the influential factors in this situation …
  2. Medical

    In need of help for Medical sites. I have to write a paper for school. One of my questions should correction be date and stamped?
  3. Medical coding and Billing

    Which of the following might constitute breach of patient-doctor confidentiality?
  4. health medical records

    were are administrative documents like the living will placed in a patients medical record?
  5. Medical Manager

    I have to write a paper on compare and contrast the differences between a medical biller in a physician's office and a medical biller in a hospital?
  6. bryant stratton

    provide a detail descripition and definition of medical language and terminology and its components. the narrative should also explore the importance of medical terminology to the medical assisting and medical administrive assisting …
  7. kaplan

    Below you will find a medical senerio that includes (3) medical records to read and a medical word chart. Please identify 15 medical terms that would be unfamiliar to layman or non-member medical person and place these terms in the …
  8. Microeconomics

    Medical doctors earn higher incomes than people who have a Ph. D in economics. This is partly because A. Medical doctors are more likely to face malpractice lawsuits. B. The costs of receiving necessary medical education are higher …
  9. Microeconomics

    Medical doctors earn higher incomes than people who have a Ph.D. in economics. This is partly because A. Medical doctors are more likely to face malpractice lawsuits. B. The costs of receiving necessary medical education are higher. …
  10. Statistics

    The probability that Samantha will be accepted by the college of her choice and obtain a scholarship is 0.35. If the probability that she is accepted by the college is 0.65, find the probability that she will obtain a scholarship given …

More Similar Questions