Consider the Following Lottery Game

question 10

Multiple Choice

Consider the following lottery game. For this game, tickets cost $1, and there is a 10% chance of winning $5 (a net gain of $4) . What is a player's expected net gain for each ticket that is bought for this game? (Note that a loss results in a net gain of "-$1") .

• A) $5
• B) $4
• C) $0.50
• D) -$0.50
• E) -$1

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Definitions:

Morally Wrong

Actions or behaviors that are in violation of ethical or moral principles.

Outgroup Homogeneity Bias

The tendency to view members of an outgroup as more similar to each other than members of one's ingroup.

UCLA

The University of California, Los Angeles, a public research university located in the Westwood district of Los Angeles, California.

USC

A shortened reference to the University of Southern California, a major research university located in Los Angeles, known for its academic and athletic programs.