Assume that an individual wins a lottery. Assume also that the individual was working before the lottery win and had no other nonlabor income before the lottery win.

a) Using the basic static model of individual labour supply, discuss both graphically and explain in your own words how the lottery win will affect the individual’s level of hours worked. Discuss all relevant effects.

b) Is it possible that the individual decides to stop working following the lottery win? In your answer discuss the concept of reservation wages and add the individual’s reservation wage before and after the lottery win to your graph.

Initial Post Instructions
For this discussion, take on the role of one of the pathogens we learned about. Give us a narrative about what you are doing in the body from the pathogen's point of view. How did you get into the body? In other words, how did the body inherit you. How do you move through the body? What path of destruction are you on? How will you wage battle against the body? How do you plan to win that battle? What will the body try to do to stop you? How will you fight back? Who wins?

There were 2428 Major League Baseball (MLB) games played in 2014, and the home team won 1288 of those games. We consider games played in 2014 as a sample of all MLB games

We want to test to see if there is evidence, at the 1% level, that the home team wins more than half the games. Using the standard normal distribution tables provided to you in this course, what would be the p-value for this test? Give your answer to four decimal places

Hint: You will need to work through the whole test before you can determine the p-value.

Initial Post Instructions For this discussion, take on the role of one of the pathogens we learned about. Give us a narrative about what you are doing in the body from the pathogen's point of view. How did you get into the body? In other words, how did the body inherit you. How do you move through the body? What path of destruction are you on? How will you wage battle against the body? How do you plan to win that battle? What will the body try to do to stop you? How will you fight back? Who wins?

Q1) Answer the following 3 part question (Show all your work)

a). A horse named Dusty Diamond is going off at 9 – 2 in the 5th race at Woodbine. You bet $5 on him to win. If he wins, what’s your payout?

b) The over/under for the Saturday night game at Bodog is 54.5 and at BetUS is 51.5. If a better wanted to play it safe and minimize losses, how would they bet $100?

c) The total betting pool on the 7th race at Pimlico is $10000. The amount bet on Sugar is $3000 and the track has a take of 20%. Calculate the betting odds on Sugar.

QUESTION: 1

The Labor Party, in opposition, currently has a policy, as a major part of its election strategy, to abolish negative gearing for existing investment properties (but retaining negative gearing only for newly constricted homes). The Liberal government rejects this approach and has said, if it wins the next election, that it will retain negative gearing for all investment properties.

Required:

In terms of tax policy arguments, what is the justification for the Labor Party approach? Which of the two opposing policies on negative gearing do you prefer? In no more than 250 words, please provide a reason to support your view.

Can you program Exploding kittens card game in c++ using linked lists and classes!

The game is played with between 2 and 4 players. You'll have a deck of cards containing some Exploding Kittens. You play the game by putting the deck face down and taking turns drawing cards until someone draws an Exploding Kitten. When that happens, that person explodes. They are now dead and out of the game. This process continues until there's only one player left, who wins the game.

Rules: https://explodingkittens.com/downloads/rules/EK_Party_Pack-Rules_wSlap.pdf

Hockey Teams: There are five teams in the northeast conference of the NHL. Their win/loss records for the 2010/2011 season are summarized in the table below.

Observed Frequencies: O_i's

The Test: Test for a significant dependent relationship between wins/losses and team for this season. Conduct this test at the 0.01 significance level.

(a) What is the null hypothesis for this test?

H₀: The win/loss record of a team in the northeast conference is significantly dependent of which team it is.

H₀: The win/loss record of a team in the northeast conference is independent of which team it is.     

(b) What is the value of the test statistic? Round to 3 decimal places unless your software automatically rounds to 2 decimal places.

χ² =  

(c) USE SOFTWARE to get the P-value of the test statistic. Round to 4 decimal places unless your software automatically rounds to 3 decimal places.
P-value =  

(d) What is the conclusion regarding the null hypothesis?

reject H₀

fail to reject H₀    

(e) Choose the appropriate concluding statement.

We have proven that win/loss record of the team is independent of which team it is.

The evidence suggests that the win/loss record of the team is significantly dependent on which team it is.    

There is not enough evidence to conclude that the win/loss record of the team is significantly dependent on which team it is.

Hockey Teams: There are five teams in the northeast conference of the NHL. Their win/loss records for the 2010/2011 season are summarized in the table below.

Observed Frequencies: O_i's

The Test: Test for a significant dependent relationship between wins/losses and team for this season. Conduct this test at the 0.05 significance level.

(a) What is the null hypothesis for this test?

H₀: The win/loss record of a team in the northeast conference is significantly dependent of which team it is.H₀: The win/loss record of a team in the northeast conference is independent of which team it is.     

(b) What is the value of the test statistic? Round to 3 decimal places unless your software automatically rounds to 2 decimal places.

χ²

=

(c) Use software to get the P-value of the test statistic. Round to 4 decimal places unless your software automatically rounds to 3 decimal places.
P-value =

(d) What is the conclusion regarding the null hypothesis?

reject H₀fail to reject H₀    

(e) Choose the appropriate concluding statement.

We have proven that win/loss record of the team is independent of which team it is.The evidence suggests that the win/loss record of the team is significantly dependent on which team it is.    There is not enough evidence to conclude that the win/loss record of the team is significantly dependent on which team it is.

Hockey Teams: There are five teams in the northeast conference of the NHL. Their win/loss records for the 2009/2010 season are summarized in the table below.

Observed Frequencies: O_i's

The Test: Test for a significant dependent relationship between wins/losses and team for this season. Conduct this test at the 0.05 significance level.

(a) What is the null hypothesis for this test?

H₀: The win/loss record of a team in the northeast conference is significantly dependent of which team it is.

H₀: The win/loss record of a team in the northeast conference is independent of which team it is.     

(b) What is the value of the test statistic? Round to 3 decimal places unless your software automatically rounds to 2 decimal places.

χ² =

(c) Use software to get the P-value of the test statistic. Round to 4 decimal places unless your software automatically rounds to 3 decimal places.
P-value =

(d) What is the conclusion regarding the null hypothesis?

reject H₀

fail to reject H₀    

(e) Choose the appropriate concluding statement.

We have proven that win/loss record of the team is independent of which team it is.

The evidence suggests that the win/loss record of the team is significantly dependent on which team it is.    

There is not enough evidence to conclude that the win/loss record of the team is significantly dependent on which team it is.