Examlex

Solved

In a Game Called Taxation and Evasion,a Player Rolls a Pair

question 92

Short Answer

In a game called Taxation and Evasion,a player rolls a pair of dice.If on any turn the sum is 7,11 or 12,the player gets audited.Otherwise,she avoids taxes.Suppose a player takes five turns at rolling the dice.
-The variance of the number of times she will be audited is ______.


Definitions:

Availability Heuristic

A mental shortcut that relies on immediate examples that come to mind when evaluating a specific topic or decision.

Stomach Cancer

A type of cancer that begins in the stomach lining, often as a result of long-term inflammation and other risk factors.

Murder

The unlawful killing of another human being without justification or valid excuse, typically considered one of the most serious forms of violent crime.

Behavioral Economics

A field of study blending insights from psychology and economics to explore how people make decisions based on biases, emotions, and other non-rational factors.

Related Questions