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Consider the following table: Using this table, explain Rabins (2000) calibration theorem. What is the theorem's intuition and message? begin{tabular}{|l|l|l|l|} hline & multicolumn{3}{|c|}{g} hlineL
Consider the following table:
Using this table, explain Rabins (2000) calibration theorem. What is the theorem's intuition and message?
\begin{tabular}{|l|l|l|l|} \hline & \multicolumn{3}{|c|}{g} \\ \hlineL & $101 & $105 & $110 \\ \hline$400 & $400 & $420 & $550 \\ \hline$4,000 & $5,750 & $635,670 & $60,528,930 \\ \hline$8,000 & $19,290 & $3,058,540 & $510,000,000 \\ \hline \end{tabular}Step by Step Solution
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