MA 111 Midterm: Exam 3 Study Guide at UKY
Document Summary
The compensation xperson is one way of measuring how someone did in a deal. You must compare this to the person"s fair share to check for fairness. A uniform way to look at a division is to use the xb-ratio, which tells you what percentage . Of the total value a person ended up with. Each person is trying to get to the same xb-ratio, i/n or 100% / n. With 2 people involved, your xb-ratio should be above = 50% With 3 people involved it would be above = 33. 33% With 4 people involved it would be above =25% With 5 people involved it would be above = 20% The total compensation includes the value of the goods . It is calculated differently if someone receives cash versus pays cash: Is the total value a person get from the division, and is written as. Xperson = value of the goods received/won + cash received.
