Suppose a Fair, Two-Sided Coin Is Flipped

question 18

Multiple Choice

Suppose a fair, two-sided coin is flipped. If it comes up heads you receive $5; if it comes up tails you lose $1. The expected value of this lottery is what?

• A)$2
• B)$3
• C)$4
• D)$5

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Definitions:

Impending Occurrence

An event that is about to happen or is likely to happen shortly.

Unconditioned Stimulus

In classical conditioning, a stimulus that naturally and automatically triggers a response without needing to be learned.

Biologically Adaptive

Traits or behaviors that increase the survival or reproductive success of organisms within their environmental context.

Predicts

Refers to the act of forecasting future events or outcomes based on patterns or data analysis.