In a Raffle, 1,000 Tickets Are Sold for $2 Each

question 40

Multiple Choice

In a raffle, 1,000 tickets are sold for $2 each. One ticket will be randomly selected and the winner will receive a laptop computer valued at $1200. What is the expected value for a person that buys one ticket?

• A)-$0.80
• B)$0.8
• C)$1.20
• D)-$1.20

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Definitions:

Context-Dependent Memory

The enhancement of memory when retrieval occurs in the same context as the initial learning environment.

Crib Mobile

A hanging toy or decoration designed to entertain or soothe an infant in a crib.

Infants

Very young children, typically under one year of age, who are in the earliest stage of human life and development.

State-Dependent Memory

The phenomenon where an individual's ability to recall information is enhanced when they are in the same state of consciousness as when the memory was formed.