Alice Decides to Play the Lottery

question 137

Multiple Choice

Alice decides to play the lottery.She has a 5% probability of winning $100 and a 95% probability of winning zero.The expected value of her decision to play is

• A) $100.
• B) $5.
• C) $10.
• D) $50.

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Definitions:

Zygote

The initial cell formed when a new organism is produced by sexual reproduction, resulting from the fusion of two gametes.

Gestation

The period of development within the womb from conception until birth in mammals.

Schizophrenia

A psychiatric disorder characterized by distortions in thought, perception, emotions, language, sense of self, and behavior.

Fetal Undernourishment

A condition where a fetus does not receive the necessary nutrients for proper growth and development in the womb.