A Game Involving a Pair of Dice Pays You $4

question 4

Multiple Choice

A game involving a pair of dice pays you $4 with probability 16/36, costs you $2 with probability 14/36, and costs you $6 with probability 6/36.
If you play this game many times, in the long run how will your actual average gain per play compare with your answer to the previous question?

• A) smaller
• B) bigger
• C) about the same
• D) The question can't be answered.

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Definitions:

Hard Skills

Specific, teachable abilities or skill sets that are easily quantifiable, such as typing, writing, math, reading, and the ability to use software programs.

Business Climate

The overall economic and regulatory environment that affects the operations and growth potential of companies.

Series Interview

A sequential set of interviews where a candidate meets with multiple interviewers or panels, often used in comprehensive assessment processes.

Different Interviewers

The experience or situation of being evaluated by various individuals across multiple interviews, each with their own style and perspective.