The Host of a TV Show Offers You a Choice

question 30

Multiple Choice

The host of a TV show offers you a choice of five closed boxes. One contains $1 000, one contains $500, one contains $100, and two are empty. He offers, for a price, to remove one of the empty boxes and let you choose among the remaining four. How much is this offer worth?

• A)It's not worth anything, because you still might choose the other empty box.
• B)$80
• C)$320
• D)$400
• E)$1 600

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Definitions:

Headings

Titles or captions of sections of a document or article, designed to introduce new sections and help readers understand the structure and content.

Purchases Journal

A dedicated journal used to record all purchases of goods and services on credit, aiding the management of accounts payable.

Headings

Short titles or captions used to identify sections of a document or to introduce topics.

Revenue Journal

An accounting journal dedicated to recording the sales of goods or services on credit, tracking revenue transactions separate from cash and other transactions.