This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Expectations and UncertaintyYou are considering playing a lottery at work. Once you pay $6 to enter ... (Read 37 times)

connormoss

  • Full Member
  • ***
  • Posts: 130
on: Nov 23, 2022
Expectations and Uncertainty

You are considering playing a lottery at work. Once you pay $6 to enter the lottery, your name will go in a hat with the names of others who have also paid to enter the lottery. Each person can only enter their name once and a person will be chosen at random to win the total of the entry fees. If 32 other people at work have already paid to enter, what is the expected value of your payout should you choose to enter?
Please round your final answer to the nearest cent.
◦ $5.82
◦ $0.00
◦ $6.00
◦ $6.19
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by connormoss on Nov 23, 2022

athenaheim

  • Full Member
  • ***
  • Posts: 189
Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 42% of students answer this correctly


connormoss

  • Member
  • Posts: 130
Reply 2 on: Nov 23, 2022
YES! Correct, THANKS for helping me on my review

sailorcrescent

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

The work of Charles Darwin forms the foundation for modern evolutionary theory. The work of Charles Darwin forms the foundation for modern evolutionary theory.
Playing sedentary games contributes to the childhood obesity epidemic Playing sedentary games contributes to the childhood obesity epidemic
A physician uses a portable electronic tablet to enter patient data while in the examination room. A physician uses a portable electronic tablet to enter patient data while in the examination room.
Working and Living and Playing in the City Dump of Phnom Penh, Cambodia Working and Living and Playing in the City Dump of Phnom Penh, Cambodia
Work and Gender: Women at Work in India Work and Gender: Women at Work in India
What is the maximum velocity (in km/s) of a photoelectron emitted from a surface whose work ... What is the maximum velocity (in km/s) of a photoelectron emitted from a surface whose work ...
Video: Mechanisms of capillary exchange (transcytosis & bulk flow)

For a complete list of videos, visit our video library