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Title: Wilson is watching two different roulette-type games at a local charity bazaar. Each game costs $1 ... Post by: johnsmith12 on Oct 8, 2020 Wilson is watching two different roulette-type games at a local charity bazaar. Each game costs $1 to play. In one game, there are ten different numbers, and if the number he selects comes up, he will win $12. In the other game, there are 100 different numbers, but if the number he selects comes up, he will win $50. What should Wilson do based on expected value theory? ▸ Play the first game because it has a higher expected value. ▸ Play either one of the games because they both have the same expected value. ▸ Play the second game because it has a higher expected value. ▸ Not play either game because they both have such low odds of winning. Title: Wilson is watching two different roulette-type games at a local charity bazaar. Each game costs $1 ... Post by: leegerryan1234 on Oct 8, 2020 Content hidden
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