Enable contrast version

# Tutor profile: Jasper P.

Inactive
Jasper P.
PhD Student in Finance with 2 Years of Teaching Experience
Tutor Satisfaction Guarantee

## Questions

### Subject:Economics

TutorMe
Question:

What is the opportunity cost of going to college?

Inactive
Jasper P.

The opportunity cost is defined as what you could have gained by choosing another alternative. In this case, what you could have gained by not going to college, under one alternative situation, is equal to the salaries you could have earned by taking a job right out of high school and the other benefits associated with taking a job. If the opportunity cost of going to college, under each of the possible alternative situations, is lower than what is perceived to be the benefits of going to college, then a rational person may say that going to college is the best option.

### Subject:Statistics

TutorMe
Question:

What is a Type I Error?

Inactive
Jasper P.

A Type I Error is the rejection of a true null hypothesis. We also call it false positive. For example, the probability of a medical test leading to the conclusion that a patient has a certain disease that he/she does not actually have can be interpreted as the Type I Error of that medical test.

### Subject:Finance

TutorMe
Question:

How do we understand the concept called "Time Value of Money?"

Inactive
Jasper P.

We need to know the following three things when we are learning Time Value of Money: 1. If we know the rate of return of our money, we can determine the value of our money at some point in the future if we were to invest it. 2. If we know the rate of return and all our future cash flows, we can determine the current worth of those cash flows. 3. Future Value = Present Value at time t / (1+ rate of return)^t

## Contact tutor

Send a message explaining your
needs and Jasper will reply soon.
Contact Jasper

Start Lesson

## FAQs

What is a lesson?
A lesson is virtual lesson space on our platform where you and a tutor can communicate. You'll have the option to communicate using video/audio as well as text chat. You can also upload documents, edit papers in real time and use our cutting-edge virtual whiteboard.
How do I begin a lesson?
If the tutor is currently online, you can click the "Start Lesson" button above. If they are offline, you can always send them a message to schedule a lesson.
Who are TutorMe tutors?
Many of our tutors are current college students or recent graduates of top-tier universities like MIT, Harvard and USC. TutorMe has thousands of top-quality tutors available to work with you.
BEST IN CLASS SINCE 2015
TutorMe homepage