Homework help for 10points: Probability problem? | TwitEd
6) You have just won the Wisconsin lottery! You have been offered (1) $0.5 million, or (2) a gamble in which you would receive a $1 million if a head were flipped and $ 0 if a tail came up. a. What is the expected value of the gamble?B. would you take the sure $0.5 million or take the gamble? why?C. if you choose the sure $0.5 million are you a risk taker or risk averter?Please show your work for the BEST ANSWER 10points
Homework help for 10points: Probability problem?
Homework help for 10points: Probability problem? | TwitEd
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Categories: Mr. Foil Tags: 1 million, 5 million, probability problem, risk taker
