You Flip a Fair Coin Ten Times

question 35

Multiple Choice

You flip a fair coin ten times.Each time it comes up heads,you get 10 cents.Each time it comes up tails,you lose 5 cents.What is your expected value for each flip of the coin

• A) -5 cents 
• B) +5 cents 
• C) -10 cents 
• D) +10 cents

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Definitions:

Autonomy

The degree of independence and self-determination in people or organizations, often related to decision-making and freedom of action.

On-the-job Training

A hands-on method of teaching the skills, knowledge, and competencies needed for employees to perform a specific job within the workplace.

Mentoring

A relationship in which a more experienced or knowledgeable person helps to guide a less experienced or knowledgeable person.

Job Rotation

A strategic human resources technique involving moving employees through a variety of jobs at the same company to increase their knowledge and skills.