Which of the Following Statements Is Correct

question 407

Multiple Choice

Which of the following statements is correct?

• A)Differences in human capital may explain differences in wages between blacks and whites.
• B)Racial discrimination is the strongest explanation for differences in wages between blacks and whites.
• C)Gender discrimination is the strongest explanation for differences in wages between blacks and whites.
• D)None of the above statements is correct.

---

Definitions:

Expected Value

The anticipated mean or average value of a random variable, calculated as the sum of all possible values each multiplied by the probability of its occurrence.

Slot Machine

A gambling device that generates random combinations of symbols on a dial, offering prizes to players based on the alignment of these symbols.

Casino's Profit

Describes the net revenue that a casino generates from its gaming and non-gaming operations, after accounting for all operational expenses.

Pays Out

Refers to the act of distributing or disbursing money, such as dividends to shareholders or winnings to gamblers.