Question: 4. Lawyers working on contingencies must determine whether a case is worth taking or not . Assume that . The contingency is 50 % of

4. Lawyers working on contingencies must determine whether a case is worth taking or not . Assume that . The contingency is 50 % of the award . The lawyers opportunity of taking the case is 55000 P = probability of winning the case J = the judgement / award

i . How will the lawyer decide whether to take on this case or not

il . Explain the concept of a tipping point .

iii . What is the tipping point for a judgement amount if the probability of winning is 40 % ?

iv . What is the tipping . point of probability if the award is $ 10,000 ? Please write the right answer !!!!!!

Please send me answer in typed form strictly prohibited handwritten solution. Don't use any AI bot.

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