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If both funds return 10% annually over 15 years, the investor in the fund with the higher expense ratio ends up with $21,000 less in his or her account than the other does, even though they have exactly the same returns.
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If the ex ante ERP is so unstable, it provides no useful information for asset allocators, in his view.Funnily enough, however, although he uses a different approach to the LBS profs, Smithers comes up with almost exactly the same expected real return from US equities - 3%.
More recently private health-insurance providers have reacted to government subsidies in exactly the same manner.In return for this massive investment, governments have seen private schools lift their proportion of enrolments from an early 1970s "crisis" of a 22% share to 30% now.
Thousands of establishments that helped define our little world were suddenly gone, and none will ever be exactly the same if they ever return.
Note that when the model is completely specified, whether or not the weights are included in stratified sampling, almost exactly the same point estimates are returned.
In both cases, the measurements returned exactly the same results: nine entries in case of the init process and 156 entries in case of the rild process.
In fact, if the image of sarcomeres would be perfectly periodic, then both methods would return exactly the same estimates.
As our algorithms return exactly the same outputs as original algorithms, we report only performance results for various sub-tasks.
Except for 1 (2) missed sequence(s), PSfamSearch returned exactly the same results at cutoff π tc (π nc ), but it took only 93.3 (171.2) min; this makes for a speedup of 29.52 16.011).
In other words, such a minimal element set with corresponding concentration distribution M x), will return exactly the same simulation results as the original model under a precondition that the elapsed delay time of the discrete transition is given in the EDF.
Stepwise regression returns almost exactly the same model as before, with only one significant shared-TE term, SINEs in 3'UTS (0 2 kb) (Table 3).
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