Suppose a Slot Machine Has an Expected Payout of

question 14

Multiple Choice

Suppose a slot machine has an expected payout of .95 cents on the dollar, meaning for every dollar you play, you get 95 cents back.What is your expected value for the amount lost per dollar played on this machine?

• A)$0.95
• B)-$0.05
• C)-$1.00
• D)The entire jackpot, if you play long enough.

---

Definitions:

Boss

An individual in charge of directing or supervising workers within an organization, responsible for decision-making and leadership.

Theory X

A management theory assuming employees are inherently lazy and will avoid work if they can, necessitating a controlling management style.

Physiological Needs

Basic human necessities required for survival, such as air, food, water, shelter, and sleep, according to Maslow's hierarchy of needs.

Safety Needs

In Maslow's hierarchy of needs, these are the requirements for personal security, financial stability, health, and safety against accidents and harm.