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A lawyer must decide whether to charge a fixed fee of $5,000 or take a contingency fee

16 / 01 / 2019 Research Papers

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A lawyer must decide whether to charge a fixed fee of $5,000 or take a contingency fee of $25,000 if 1 answer below » A lawyer must decide whether to charge a fixed fee of $5,000 or take a contingency fee of $25,000 if she wins the case (and 0 if she loses). She estimates that her probability of winning is .30. De- termine the mean and standard deviation of her fee if she takes the fixed fee; she takes the contingency fee. Aug 19 2015 11:44 AM


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