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 124 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 cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Lymphatic vessels pick up excess tissue fluid, purify it in the lymph nodes, and then return it to t Lymphatic vessels pick up excess tissue fluid, purify it in the lymph nodes, and then return it to t
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 = ...
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
How the Return to Education Affects the Distribution of Income How the Return to Education Affects the Distribution of Income
The expected value for a binomial probability distribution is _____. The expected value for a binomial probability distribution is _____.
Bateson and Punnett’s Observed and Expected Phenotypes in F2 Sweet Peas Bateson and Punnett’s Observed and Expected Phenotypes in F2 Sweet Peas
Video: Heart Chambers

For a complete list of videos, visit our video library