Proposed Cuts to Medicare (w audio)
#TrumpBudget Part D and Payments to Providers Lower
Surprise (not)...
Below, you see p (probability) times N(d1), which is the probability of an event occurring. You see in the 2nd formula, the idea of projecting that probability, and importantly, the idea that a projection is going to be wrong, and the errors in estimation are "random."
What does that ha…