Which of the Following Is an Example of a Situation

question 48

Multiple Choice

Which of the following is an example of a situation in which the law of large numbers does not apply to the expected-value decision principle?

• A) The investment decision is a once-in-a-lifetime opportunity.
• B) Average return expected of a project is low.
• C) The project requires a series of investments over the years.
• D) Average return expected of a project is high.

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Definitions:

DACA

Deferred Action for Childhood Arrivals, a U.S. immigration policy allowing individuals who came to the U.S. as children and meet several guidelines to receive a renewable two-year period of deferred action from deportation and become eligible for a work permit.

President Donald Trump

The 45th President of the United States, who served from January 20, 2017, to January 20, 2021, known for his business background and controversial policies.

President Barack Obama

The 44th President of the United States, serving two terms from 2009 to 2017, known for being the first African American to hold the office.

Fifth Amendment

A provision in the U.S. Constitution that guarantees several protections for individuals, including against self-incrimination and double jeopardy, and ensures due process.