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Author Question: Jacob is thinking of buying a $1 lottery ticket. In Lottery A, his odds of winning are 1 out of ... (Read 420 times)

Mr3Hunna

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on: Oct 8, 2020

Question 1

In which situation would an algorithm be most useful?

◦ helping a group decide which restaurant to go to
◦ generating a shopping list
◦ opening a lock when you know the combination is three numbers
◦ providing a diagnosis for someone in an emergency room

Question 2

Jacob is thinking of buying a $1 lottery ticket. In Lottery A, his odds of winning are 1 out of 1,000, and he may win $500. In Lottery B, his odds of winning are 1 out of 5,000, but he may win $5,000. What will Jacob choose to do based on expected value theory?

◦ Buy a ticket from Lottery A because it has a higher expected value.
◦ Not buy either ticket because both lotteries have very low odds of winning.
◦ Buy a ticket from Lottery B because it has a higher expected value.
◦ Buy either ticket because both lotteries have the same expected value.
Psychology: Themes and Variations ¦ Weiten, McCann ¦ 5th Edition
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Marked as best answer by Mr3Hunna on Oct 8, 2020

ebenov

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Reply #1 on: Oct 8, 2020
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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Mr3Hunna

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Reply 2 on: Oct 8, 2020
YES! Correct, THANKS for helping me on my review

raenoj

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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