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Author Question: Consider the following game. You pick a card from a deck and each time you select an ace, you get ... (Read 270 times)

nautica902

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on: Apr 19, 2019

Question 1

Consider the following game. You roll a six-sided die and each time you roll a 6, you get $30. For all other outcomes you pay $6. Since the expected value of this game is $0, the game is called a(n)


◦ gamble.
◦ fair bet.
◦ even game.
◦ zero sum game.

Question 2

Consider the following game. You pick a card from a deck and each time you select an ace, you get $260. For all other cards you must pay $13. What is the expected value of the game?


◦ -$12
◦ $0
◦ $8
◦ $32
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by nautica902 on Apr 19, 2019

Kingjoffery

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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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nautica902

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Reply #2 on: Apr 19, 2019
TY


Kingjoffery

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Reply #3 on: Apr 19, 2019
You're welcome


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