Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Science-Related Homework Help Psychology
New Topic  
johnsmith12 johnsmith12
wrote...
Go to Answer
Posts: 181
Rep: 0 0
3 years ago
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.
Textbook 
Psychology: Themes and Variations

Psychology: Themes and Variations


Edition: 5th
Authors:
Read 329 times
1 Reply
Replies
Answer verified by a subject expert
leegerryan1234leegerryan1234
wrote...
#1
Posts: 87
Rep: 1 0
3 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here

Related Topics

johnsmith12 Author
wrote...

3 years ago
Thanks for your help!!
derya1234
wrote...

Yesterday
This site is awesome
bahajo
wrote...

2 hours ago
Thank you, thank you, thank you!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1379 People Browsing
 132 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 316
  
 301
  
 876
Your Opinion
Who's your favorite biologist?
Votes: 586
Previous poll results: Which is the best fuel for late night cramming?