There are two general ways of determining the value of ...

Looked at this way, the breakeven point is (.699 - .478) / (1.639 - .478), which is 19 percent. Clearly, this is a good risk, and to emphasize that point the authors note a study by Dick Cramer showing that the 1982 Oakland A’s were in this situation 39 times, tried for third 16 of them, and were successful in all 16. ................
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