Consider the Following Scenario When Answering the Following Questions

question 20

Multiple Choice

Consider the following scenario when answering the following questions:
Suppose that in an experimental setting,100 students are asked to choose between Gamble A and Gamble B,where:
Gamble A: The student will receive $50 with a 70 percent probability and $100 with a 30 percent probability.
Gamble B: The student will receive $50 with a 50 percent probability,$200 with a 25 percent probability,and $0 (nothing) with a 25 percent probability.
-What is the expected value of Gamble B?

• A) $0
• B) $75
• C) $50
• D) $500
• E) $25

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Definitions:

Managerial Potential

The ability or aptitude a person exhibits that indicates they could successfully take on management roles and responsibilities in the future.

Cognitive Test

An assessment designed to measure mental functions such as memory, reasoning, comprehension, and problem-solving.

Personality Test

A psychological assessment tool designed to evaluate individual personality traits, characteristics, and tendencies.

Open-Ended Interviews

A qualitative research method involving interviews with open-ended questions, allowing respondents to express their views in their own terms.