Consider the Following Scenario to Answer the Questions That Follow

question 62

Multiple Choice

Consider the following scenario to answer the questions that follow.
Imagine a game show on television where one lucky contestant is presented with four upside-down buckets that are numbered 1,2,3,and 4.Under one of the buckets is a large pile of $100 bills.Under each of the other three buckets is exactly one $5 bill.After the game ends,the contestant will receive the amount of money that is under his or her bucket.
The host of the game show asks the contestant to choose one of the four buckets.After the contestant makes a choice,the host lifts up two of the remaining three buckets to reveal a $5 bill under each of them.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 does not change buckets and stays with the original bucket chosen,what is the probability that the contestant will win exactly one $5 bill?

Recognize the social and psychological challenges of being a low-wage worker, particularly for women.

Describe the effects of sexism on job satisfaction and achievement.

Understand the historical background and key figures in the discovery and development of hypnotism.

Recognize the effects and limitations of hypnotism on pain perception and sensory processing.

---

Definitions:

Savings

The portion of disposable income not spent on consumption of goods and services, set aside for future use or emergencies.

Investment Funds

Pools of capital from multiple investors used to collectively purchase securities while each investor retains ownership and control of their own shares.

Demand

In economics, demand is the quantity of a good or service that consumers are willing and able to purchase at various prices during a certain period of time.

Great Recession

A severe global economic downturn that began in 2007 and lasted until about 2009, marked by significant declines in the housing market, financial failures, and a surge in unemployment rates.