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Author Question: It costs $1,000 to enter the following game of chance, which is based on the outcome of a coin toss ... (Read 60 times)

penza

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on: Apr 25, 2021
It costs $1,000 to enter the following game of chance, which is based on the outcome of a coin toss (fair coin). If the coin comes up 'heads', you win and walk away with $2,000, which is a 100% rate of return. However, if the coin comes up 'tails', you lose and walk away with nothing, which is a - 100% rate of return. What is the expected return on this gamble?
◦ 0%
◦ 1,000%
◦ 100%
◦ 10%
◦ -10%
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Marked as best answer by penza on Apr 25, 2021

ergserg

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Reply #1 on: Apr 25, 2021
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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penza

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Reply 2 on: Apr 25, 2021
Excellent

helenmarkerine

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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