Consider the Following Scenario When Answering the Following Questions

question 151

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 $5 million with a 100 percent probability.
Gamble B: The student will receive $5 million with a 51 percent probability,$10 million with a 25 percent probability,and $0 million (nothing) with a 24 percent probability.
-What is the expected value of Gamble A?

• A) $5 million
• B) $5.01 million
• C) $5.05 million
• D) $10 million
• E) $0 million

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Definitions:

Ideological Control

The attempt to influence or control people's beliefs, values, and behaviors through normative ideas and assumptions within an organization or society.

Values and Beliefs

Core principles and assumptions that guide behaviors and interpretations of events by individuals or cultures.

Technological Control

The use of technology to monitor, manage, or influence the behavior and performance of individuals or systems.

Armrests

Structural components on chairs, seats, or other furniture designed to provide support and comfort for the arms.