Consider Two Options: (A) You Receive a Guaranteed Payment of $100;

question 84

Multiple Choice

Consider two options: (A) you receive a guaranteed payment of $100; (B) a coin is tossed and if heads comes up, you win nothing; if tails comes up, you win $200. The expected payoff for option B is:

• A)$200
• B)$100
• C)$300
• D)$75
• E)There is not enough information to answer the question.

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