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Consider the following game in which a player rolls a single die. If an odd number is rolled, it costs the player $4. If a 2 or a 4 is rolled, the player wins $2. However, if the player rolls a perfect number (6), the player wins $7. Is this a good deal for the player or not?
Answer It is a good deal or It is not a good deal.
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Ranking Scales
A method of data collection that involves ordering items or entities according to certain criteria, such as preference or importance.
Likert Scales
A psychometric scale commonly used in questionnaires to measure respondents' attitudes, opinions, or perceptions by offering a range of fixed responses.
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