Jacob Is Holding an Investment He Bought for $1,000 That

question 107

Multiple Choice

Jacob is holding an investment he bought for $1,000 that has a 60 percent chance of gaining $200 in value and a 40 percent chance of losing $40.Jacob's average expected rate of return on this investment is

• A)8 percent.
• B)10.4 percent.
• C)12.2 percent.
• D)24 percent.

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Definitions:

Simple Reflexes

Basic, involuntary motor responses to specific stimuli, evident in human behavior from an early age.

Secondary Circular Reactions

A developmental stage in infants, usually between 4 to 8 months, characterized by the repetition of actions that produce an effect on the environment, signaling the beginning of intentional behavior.

Symbolic Functioning

A cognitive development process where individuals learn to use symbols, such as language or pictures, to represent objects, actions, or ideas.

Reflex

An automatic and involuntary response to a stimulus, which is a basic mechanism of the nervous system.