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Author Question: Wilson is watching two different roulette-type games at a local charity bazaar. Each game costs $1 ... (Read 62 times)

chads108

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on: Oct 8, 2020
Wilson is watching two different roulette-type games at a local charity bazaar. Each game costs $1 to play. In one game, there are ten different numbers, and if the number he selects comes up, he will win $12. In the other game, there are 100 different numbers, but if the number he selects comes up, he will win $50. What should Wilson do based on expected value theory?

◦ Play the first game because it has a higher expected value.
◦ Play either one of the games because they both have the same expected value.
◦ Play the second game because it has a higher expected value.
◦ Not play either game because they both have such low odds of winning.
Psychology: Themes and Variations ¦ Weiten, McCann ¦ 5th Edition
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Marked as best answer by chads108 on Oct 8, 2020

robbielu01

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Reply #1 on: Oct 8, 2020
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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chads108

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Reply 2 on: Oct 8, 2020
:D TYSM

komodo7

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Reply 3 on: Yesterday
Wow, this really help

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