Imagine a Game Show on Television Where One Lucky Contestant $\frac { 1 } { 8 }$

question 95

Multiple Choice

Imagine a game show on television where one lucky contestant is presented with four upside-down buckets that are numbered 1, 2, 3, and 4. Under one of the buckets is a large pile of $100 bills. Under each of the other three buckets is exactly one $5 bill. After the game ends, the contestant will receive the amount of money that is under his or her bucket.
The host of the game show asks the contestant to choose one of the four buckets. After the contestant makes a choice, the host lifts up two of the remaining three buckets to reveal a $5 bill under each of them. At this point, only two buckets remain uncovered: the bucket that the contestant originally chose and the bucket that was not uncovered by the host.
The host subsequently asks the contestant if he or she would like to keep the original bucket or change buckets to the only other bucket remaining.

-If the contestant changes buckets from the original bucket to the other bucket remaining, what is the probability that the contestant will win exactly one $5 bill?

• A) \(\frac { 1 } { 8 }\)
• B) \(\frac { 1 } { 4 }\)
• C) \(\frac { 1 } { 2 }\)
• D) \(\frac { 3 } { 4 }\)
• E) \(\frac { 5 } { 8 }\)

Understand and calculate working capital and its significance.

Understand the concept of personal values development and its importance.

Recognize the potential career risks and implications of whistleblowing.

Distinguish between managing for ethical pursuits versus managing for profits.

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Definitions:

Expected Return

A statistical measure of the mean or average return from an investment, considering historical or anticipated performance, often used in financial analysis.

Market Return

The total return of an investment market, comprising both capital gains and dividends or interest, over a given period.

Risk-Free Rate

The theoretical return on an investment with no risk of financial loss, typically represented by the yield on government bonds.

Beta

A measurement of a stock's volatility in relation to the overall market; a beta above 1 indicates that the stock's price is more volatile than the market, while a beta below 1 indicates less volatility.