Assume That You Assign the Following Subjective Probabilities for Your

question 66

Multiple Choice

Assume that you assign the following subjective probabilities for your final grade in your econometrics course (the standard GPA scale of 4 = A to 0 = F applies) : $$\begin{array} { | c | c | } \hline \text { Grade } & \text { Robability } \\\hline \text { A } & 0.20 \\\hline \text { B } & 0.50 \\\hline \text { C } & 0.20 \\\hline \text { D } & 0.0 B \\\hline \text { F } & 0.02 \\\hline\end{array}$$ The expected value is:

• A)3.0
• B)3.5
• C)2.78
• D)3.25

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Definitions:

Genetic Defect

An anomaly in an individual's DNA that can lead to developmental abnormalities or hereditary diseases.

Gene Therapy

A medical treatment involving the introduction of genes into a patient's cells to treat or prevent disease.

Transfer

The movement or relocation of something from one place, person, or system to another.

DNA Cloning Vector

A DNA molecule such as a plasmid or virus, used to artificially carry foreign genetic material into another cell, where it can be replicated and/or expressed.