× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
6
A
5
b
4
3
s
3
s
3
L
3
i
3
b
3
d
3
b
3
j
3
New Topic  
Satsume Satsume
wrote...
Posts: 761
Rep: 0 0
5 years ago
Blanca has her choice of either a certain income of $20,000 or a gamble with a 0.5 probability of $10,000 and a 0.5 probability of $30,000.  The expected value of the gamble:
A) is less than $20,000.
B) is $20,000.
C) is greater than $20,000.
D) cannot be determined with the information provided.
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
Read 29 times
1 Reply

Related Topics

Replies
wrote...
5 years ago
B
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  252 People Browsing
 187 Signed Up Today
Related Images
  
 437
  
 196
  
 250
Your Opinion
Which of the following is the best resource to supplement your studies:
Votes: 175