Use the Following to Answer Questions

question 21

Multiple Choice

Use the following to answer questions:
Scenario: Buying Shares
Geordie is considering buying shares in two companies, Apple and Microsoft. If he invests $1,000 in Apple, there is a 40% probability that his investment will be worth only $800 and a 60% probability that it will be worth $1,200 at the end of a year. If he invests $500 in Apple, there is a 40% probability that his investment will be worth $400 and a 60% probability that it will be worth $600 at the end of a year. The corresponding numbers for investment in Microsoft are identical.
-(Scenario: Buying Shares) Look at the scenario Buying Shares. The probability that Geordie will make a gain is _____ if he invests $1,000 in either Apple or Microsoft. The probability that he will make a gain is _____ if he invests $500 apiece in Apple and in Microsoft.

• A) 60%; 60%
• B) 60%; 84%
• C) 76%; 24%
• D) 60%; 36%

---

Definitions:

Defense Attorneys

Legal professionals who represent and advocate on behalf of individuals accused of crimes.

Legal and Ethical Rules

Guidelines and principles that govern conduct within professional practices, distinguishing right from wrong.

Prosecutors

Legal professionals who conduct the prosecution of criminal defendants on behalf of the government, aiming to prove the guilt of the defendant.

Discretion

The freedom to decide what should be done in a particular situation.