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Other Fields Homework Help Economics Topic started by: NYC on Jan 12, 2016



Title: Which of the following chances has the biggest expected return?
Post by: NYC on Jan 12, 2016
Which of the following chances has the biggest expected return?
A) a 50% chance of winning $250, 20% chance of winning $500 and a 30% chance of losing $500
B) a 100% chance of getting $250
C) a 40% chance of winning $250 and a 60% chance of winning $0
D) All of the above have the same expected return.


Title: Re: Which of the following chances has the biggest expected return?
Post by: Jesslyn on Jan 16, 2016
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Title: Re: Which of the following chances has the biggest expected return?
Post by: NYC on Jan 28, 2016
Perfect answer, thank you