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

Author Question: Which of the following chances has the biggest expected return? (Read 39 times)

abc

  • Hero Member
  • *****
  • Posts: 543
on: Apr 19, 2019

Question 1

Which of the following chances has the biggest expected return?


◦ a 100% chance of getting $1,000
◦ a 50% chance of winning $2,000 and a 50% chance of winning $0
◦ a 50% chance of winning $2,000, 25% chance of winning $4,000 and a 25% chance of losing $4,000
◦ All of these have the same expected return.

Question 2

Which of the following chances has the biggest expected return?


◦ a 100% chance of getting $1,500
◦ a 60% chance of winning $3,000 and a 40% chance of winning $0
◦ a 50% chance of winning $3,000, 20% chance of winning $6,000 and a 30% chance of losing $6,000
◦ All of these have the same expected return.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by abc on Apr 19, 2019

Cnarkel

  • Sr. Member
  • ****
  • Posts: 339
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.
Answer Preview
Only 39% of students answer this correctly


abc

  • Hero Member
  • *****
  • Posts: 543
Reply #2 on: Apr 19, 2019
TY


Cnarkel

  • Sr. Member
  • ****
  • Posts: 339
Reply #3 on: Apr 19, 2019
You're welcome


« previous next »
 

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

New England children like David, Joanna, and Abigail Mason (painted by an unknown artist around 1670 New England children like David, Joanna, and Abigail Mason (painted by an unknown artist around 1670
Part A - Calculating the expected number of each phenotype Part A - Calculating the expected number of each phenotype
Return of oxygenated blood to the heart and entry into the aorta (red = oxygenated blood, blue = ... Return of oxygenated blood to the heart and entry into the aorta (red = oxygenated blood, blue = ...
Return to the icehouse Return to the icehouse
One of the best ways to reduce your chances of catching a cold One of the best ways to reduce your chances of catching a cold
The expected value for a binomial probability distribution is _____. The expected value for a binomial probability distribution is _____.
Video: Hormonal regulation of blood pressure - RAA system

For a complete list of videos, visit our video library