Which of the Following Chances Has the Biggest Expected Return

question 97

Multiple Choice

Which of the following chances has the biggest expected return?

• A) a 60% chance of winning $2,400 and a 40% chance of winning $0
• B) a 100% chance of getting $1,200
• C) a 50% chance of winning $1,200, 20% chance of winning $2,400 and a 30% chance of losing $2,400
• D) All of the above have the same expected return.

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Definitions:

Brain

The organ located in the skull responsible for central nervous system functions, including thought, memory, emotion, and coordination.

Memory Processes

The mental functions involved in the encoding, storage, and retrieval of information.

Henry Molaison

An influential case study in the field of psychology and neuroscience, known for his severe amnesia after a surgical procedure.

Operational Definition

An explanation of how variables are measured or defined within a study.