Consider the Following Scenario When Answering the Following Questions

question 151

Multiple Choice

Consider the following scenario when answering the following questions:
Suppose that,in an experimental setting,100 students are asked to choose between Gamble A and Gamble B,where:
Gamble A: The student will receive $5 million with a 100 percent probability.
Gamble B: The student will receive $5 million with a 51 percent probability,$10 million with a 25 percent probability,and $0 million (nothing) with a 24 percent probability.
-What is the expected value of Gamble A?

• A) $5 million
• B) $5.01 million
• C) $5.05 million
• D) $10 million
• E) $0 million

---

Definitions:

Colleagues

Individuals with whom one works, especially within a profession or a specific professional environment.

Hindering Job Demands

Work-related aspects that require sustained effort and can impede progress towards achieving work goals, potentially leading to strain or burnout.

Responsibilities

Duties, tasks, or obligations that an individual or organization is required or expected to carry out or fulfill.

Special Projects

Specific, often temporary initiatives undertaken to achieve particular goals, typically requiring dedicated resources and attention.