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 37 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?

Thyroid conditions may make getting pregnant impossible.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

THE WORLD'S BIGGEST SALE THE WORLD'S BIGGEST SALE
Expected and Unexpected Reinforcers Expected and Unexpected Reinforcers
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
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: Monohybrid crosses

For a complete list of videos, visit our video library