Which of the Following Chances Has the Biggest Expected Return

question 96

Multiple Choice

Which of the following chances has the biggest expected return?

• A) a 50% chance of winning $1,600 and a 50% chance of winning $0
• B) a 100% chance of getting $800
• C) a 50% chance of winning $1,600, 25% chance of winning $3,200 and a 25% chance of losing $3,200
• D) All of the above have the same expected return.

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Activities and tasks of everyday life, including self-care, housework, and interactive skills within society.

Financially Exploit

The act of using someone or something in an unfair manner for monetary gain.

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An individual who is part of an extended or immediate family, including parents, siblings, spouses, and children.

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A community or population made up of people who share a common cultural background, ancestry, language, history, and sometimes physical characteristics.