Which of the Following Chances Has the Biggest Expected Return

question 162

Multiple Choice

Which of the following chances has the biggest expected return?

• A) a 100% chance of getting $1,500
• B) a 60% chance of winning $3,000 and a 40% chance of winning $0
• C) a 50% chance of winning $3,000, 20% chance of winning $6,000 and a 30% chance of losing $6,000
• D) All of the above have the same expected return.

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Definitions:

Precocious Puberty

The early onset of puberty, with the development of sexual characteristics before the typical age of puberty onset.

Stress

A state of mental or emotional strain or tension resulting from adverse or demanding circumstances.

Hormonal Onset

The beginning or initiation of hormonal changes in the body, often associated with developmental stages, such as puberty.

Pubescent Girl

A female who is in the stage of adolescence in which she begins to develop secondary sexual characteristics and undergoes physical and hormonal changes.