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 9 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?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

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

Allen Test: A patent ulnar artery reveals the return of palm perfusion despite radial artery compres Allen Test: A patent ulnar artery reveals the return of palm perfusion despite radial artery compres
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 = ...
Return to the icehouse Return to the icehouse
Expected Distribution of IQ Scores Expected Distribution of IQ Scores
The expected value for a binomial probability distribution is _____. The expected value for a binomial probability distribution is _____.
Video: Knee Animation

For a complete list of videos, visit our video library