Imagine a Game Show on Television Where One Lucky Contestant

question 25

Multiple Choice

Imagine a game show on television where one lucky contestant is presented with three upside-down buckets that are numbered 1, 2, and 3. Under one of the buckets is a 5-oz. gold bar. Under each of the other two buckets is a 1-oz. gold bar. After the game ends, the contestant receives the gold bar that is under his or her bucket.
The host of the game show asks the contestant to choose one of the three buckets. After the contestant makes a choice, the host lifts up one of the remaining two buckets to reveal a 1-oz. gold bar under it. At this point, only two buckets remain uncovered: the bucket that the contestant originally chose and the bucket that was not uncovered by the host.
The host subsequently asks the contestant if he or she would like to keep the original bucket or change buckets to the only other bucket remaining.

-If the contestant changes buckets from the original bucket to the other bucket remaining, what is the expected value of the game? Assume that the market price of gold is $1,000.00 per ounce.

• A) $4,000.00
• B) $2,333.33
• C) $3,666.67
• D) $5,000.00
• E) $1,000.00

Understand the motivations behind, and the expected impacts of, health care reforms and policies on the health care system.

Understand the components and intentions behind the Patient Protection and Affordable Care Act (PPACA).

Identify the major funding sources for healthcare expenditures in the U.S.

Describe the impact of PPACA mandates on employers and individuals.

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Definitions:

Biased Diagnosis

The presence of prejudice or partiality in making a medical or psychological diagnosis, potentially leading to incorrect or unfair treatment outcomes.

Tranquilizers

Tranquilizers are a class of drug used to reduce anxiety or induce sedation, often prescribed to treat anxiety disorders or sleep disturbances.

Sedatives

Medications or substances used to induce calmness, relaxation, or sleep.

Depression

A psychological condition marked by a consistent feeling of sadness or a lack of enthusiasm for tasks, which considerably disrupts everyday functioning.