Wilson Is Watching Two Different Roulette-Type Games at a Local

question 144

Multiple Choice

Wilson is watching two different roulette-type games at a local charity bazaar.Each game costs $1 to play.In one game,there are ten different numbers,and if the number he selects comes up,he will win $12.In the other game,there are 100 different numbers,but if the number he selects comes up,he will win $50.What should Wilson do based on expected value theory

• A) Play the first game because it has a higher expected value. 
• B) Play either one of the games because they both have the same expected value. 
• C) Play the second game because it has a higher expected value. 
• D) Not play either game because they both have such low odds of winning.

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Definitions:

Nathaniel Bacon

An instigator of Bacon's Rebellion in 1676, an uprising in colonial Virginia challenging the policies of Governor William Berkeley and attacking Native Americans, leading to changes in the colony's governance.

Indentured Servants

Individuals who agreed to work for a set period of time without pay in exchange for passage to America, often in the 17th and 18th centuries.

Virginia Law

Legislation enacted by the state of Virginia, which includes historic laws that have shaped the legal framework and society, such as those regarding slavery and racial segregation.

Indentured Servitude

A form of labor widely used in the 17th and 18th centuries, where individuals worked for a specified number of years in exchange for passage to a new country, room, and board.