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NYC NYC
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8 years ago
Which of the following chances has the biggest expected return?
A) a 50% chance of winning $1,000 and a 50% chance of winning $0
B) a 50% chance of winning $1,000, 25% chance of winning $2,000 and a 25% chance of losing $2,000
C) a 100% chance of getting $500
D) All of the above have the same expected return.
Textbook 
Principles of Macroeconomics

Principles of Macroeconomics


Edition: 11th
Authors:
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JesslynJesslyn
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8 years ago
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NYC Author
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#2
8 years ago
Perfect answer, thank you
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