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Author Question: Which of the following chances has the biggest expected return? (Read 127 times)

nmorano1

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on: Apr 19, 2019

Question 1

Which of the following chances has the biggest expected return?


◦ a 60% chance of winning $2,400 and a 40% chance of winning $0
◦ a 100% chance of getting $1,200
◦ a 50% chance of winning $1,200, 20% chance of winning $2,400 and a 30% chance of losing $2,400
◦ All of these have the same expected return.

Question 2

Which of the following chances has the biggest expected return?


◦ a 40% chance of winning $200 and a 60% chance of winning $0
◦ a 100% chance of getting $100
◦ a 50% chance of winning $200, 30% chance of winning $400 and a 20% chance of losing $400
◦ All of these have the same expected return.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by nmorano1 on Apr 19, 2019

ttt030911

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Reply #1 on: Apr 19, 2019
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.
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nmorano1

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Reply #2 on: Apr 19, 2019
Thank you!


ttt030911

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Reply #3 on: Apr 19, 2019
Always glad to help...


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