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 104 times)

nmorano1

  • Hero Member
  • *****
  • Posts: 598
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by nmorano1 on Apr 19, 2019

ttt030911

  • Sr. Member
  • ****
  • Posts: 315
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


nmorano1

  • Hero Member
  • *****
  • Posts: 598
Reply #2 on: Apr 19, 2019
Thank you!


ttt030911

  • Sr. Member
  • ****
  • Posts: 315
Reply #3 on: Apr 19, 2019
Always glad to help...


« previous next »
 

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Rafflesia arnoldii, the world's biggest flower, lives as a parasite in Indonesian rain forests. Rafflesia arnoldii, the world's biggest flower, lives as a parasite in Indonesian rain forests.
Expected Benefits for ICD-10-CM Expected Benefits for ICD-10-CM
For centuries, widows in the Mediterranean countries, such as thise widow in Greece, were expected ... For centuries, widows in the Mediterranean countries, such as thise widow in Greece, were expected ...
Fuel should be heard returning to the fuel tank at the fuel return line if the fuel pump and ... Fuel should be heard returning to the fuel tank at the fuel return line if the fuel pump and ...
Fuel should be heard returning to the fuel tank at the fuel return line if the fuel-pump and ... Fuel should be heard returning to the fuel tank at the fuel return line if the fuel-pump and ...
The expected value for a binomial probability distribution is _____. The expected value for a binomial probability distribution is _____.
Video: Net filtration pressure and lymph formation, edema & blood velocity

For a complete list of videos, visit our video library