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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 $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.
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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