Consider the following gamble. A standard pack of playing cards, including 26 red cards (diamonds and hearts) and 26 black cards (spades and clubs), is shuffled, and the card on top of the deck is turned face up. If the face-up card is red, the gambler wins $11 If the face-up card is black, the gambler loses $9. Expected value theory predicts which of the following?
a) Most people will accept the gamble
b) Most people will reject the gamble
c) People will be equally likely to accept or reject the gamble

Answers

Answer 1

According to the expected value theory, most people will accept the bet, as shown in option A.

We can arrive at this answer because:

According to the expected value theory, the probability of something happening is calculated as the sum of the product of each situation, by its respective value.Therefore, we can calculate your performance above as follows:

[tex](0.5*11) + (0.5*9) = +$1[/tex]

With a positive result, it is possible to determine that people will be more apt to accept the bet, as there is a positive probability of winning.

More information:

https://brainly.com/question/14009802?referrer=searchResults


Related Questions

Write yes or no in the box for each cell Please help

It isn't social studies but they didn't have science so it is science ​

Answers

Answer:

Shaala. com

Explanation:

search here a good home work link

Which item would correctly fill in the missing line from the list below?
Citizens of strong communities:
• Vote for public officials to represent them
• Work together for the good of all who live there
• __________
• Pull together during a crisis
A.
Stay home from community events so there is more room for others to attend
B.
Criticize the work of others in the community
C.
Organize and participate in community functions
D.
Obey the laws they agree with

Answers

Answer:

C.

Organize and participate in community functions

Explanation:

cranes and associated rigging equipment must be inspected

Answers

Answer:

hi

Explanation:

What is the Dependent, Independent, and Controlled Variable of a plant growth experiment?

Answers

Answer:

In this experiment, the addition of fertilizer is the independent variable manipulated by the scientist. Plant height is the dependent variable that responds to the change in the independent variable. Each plant is exposed to an equal amount of sunlight, so sunlight is the control variable.

Explanation:

mcclelland’s acquired needs theory posits that three innate needs—achievement, affiliation, and ________—are major motives determining people’s behavior in the workplace.

Answers

The acquired needs theory was known to be a theory that was developed by David McClelland. Mcclelland’s acquired needs theory stated that three innate needs are achievement, affiliation, and power.

David McClelland was a renowned Psychologist who propounded the cquired-needs theory.

The theory is known to break down the needs of employees into three steps or groups instead of two in Herzberg’s theory.

This grouping or categories are:

Achievement, Affiliation, and Power.

Employees are known who have well affiliation-motivated are pushed by the desire to make and maintain social relationships.

Learn more from

https://brainly.com/question/25369713

state department travel warnings should be consulted

Answers

Answer:

yes

Explanation:

Why couldn't the Federal Government get
involved and help end the rebellion

Answers

Answer:

It lacked the executive power necessary

Explanation:

Was a lot of thought given to how the formerly large rooms were divided?

Answers

Answer:

No, ventilation nor lighting was put into consideration.

Explanation:

what is the difference between paramount and paramount plus

Answers

Paramount plus have a bigger selection of movies and less advertisements

A theory is a way of explaining observations. Please select the best answer from the choices provided T F.

Answers

Answer:

True

Explanation:

Cause while you're observing the narrator is not heard speaking a lot but when they are telling it theoritically they are not just telling they are describing the observation that had took place or is taking place

Pls mark the brainliest

Answer:True

Explanation:Just trust me

What are two ways places can be grouped to form a region?.

Answers

Answer:

regions are formed based on physical and cultural

Explanation:

physical regions are defined by landforms such as the soil, climate, and the natural vegetation.

cultural regions are defined by language, politics, industry etc.

Do you think God is real?
If yes, do you think by him pushing sinners on judgment day it will be the best decision?
Give a reason for your opinion. ​

Answers

Answer:

Yes

Explanation:

God is real. It will be the best decision because then sinners have sinned and lived thir life in the before world but in the after world they will be punished.

Examine the image. Then use the drop-down menu to choose the correct order for the relative age of the features from oldest to youngest:

Answers

Answer

THIS IS THE ANSWER Examine the image. Then use the drop-down menu to choose the correct order for the relative age of the features from oldest to youngest:  

THIS IS THE ANSWER

B,W,E,Q,K

Explanation:

HAVE AN AMAZING DAY:D

Answer:

B, W, E, Q and K

Explanation:

A tank of water is seperated in two sections. Hot green water is placed on one side of the tank and clear cold water is placed on the other side. What would you predict will happen when the partition is seperating the tank is removed.

Answers

Answer: D) You will see the green-colored water move and mix with the cold water due to convection.

Explanation:

There are three ways in which there is heat transfer.

Conduction: This type of heat transfer happens when there is direct contact between the two objects.

Convection: This type of heat transfer happens when there is a movement of fluid (liquid or gas).

Radiation: This type of heat transfer happens when there is a direct transfer of energy through space.

The water molecules will definitely mix when the partition is removed due to the diffusion of particles.

As the green water is hot, it is less dense and thus can move faster and will rise as compared to clear cold water and will transfer heat to colder particles.

Who was known for leading a campaign for thanksgiving as a national holiday

Answers

Answer:

President Abraham Lincoln

Explanation:

President Abraham Lincoln led a campaign for thanksgiving as a national holiday.

a manager who communicates influences people to pay attention to the organization’s goals and work to achieve them.

Answers

A manager that is able to communicate purpose can easily influence people so they focus on the organization’s goals .

In every organization, there must be organizational goals which is expected to be met.

The manager as the head should be able to communicate with the team so they can focus on the goals and way to achieve them.

Therefore, purpose is the correct term.

Learn more at

https://brainly.com/question/25689913

A Is an adjective that appeals to readers’ senses

Answers

Answer:

Imagery

Explanation:

A word or group of words in a literary work which appeal to one or more of the senses: sight, taste, touch, hearing, and smell; figurative language

Examine verse 2:188. What does it suggest about Islam’s view of private property?

Answers

Explanation:

Verse 2:188 does not suggest that private property is bad but that the means to acquire it must be fair and without cunning, i.e. that the goal of acquiring said property or properties do not condone any means for it, paricularly when one is aware that said property belongs to other.

In what ways did Spain represent a challenge to the Mississippi Territory?

Answers

One significant difference from the laws of the Northwest Territory was that slavery was allowed. The new government faced a variety of difficult issues: conflicting land claims, tense relations with Chickasaws and Choctaws, and the continuing interference of the Spanish.

education is the major factor for the development of a country​

Answers

Answer:

yes education is the major factor for the development of a country

what football formation is also a turkey day tradition?

Answers

Answer:

Turkey Bowl

Explanation:

Psychology





What does it mean when someone uses “we” and “we’re” often in conversation?




Links and answering just for points will be reported

Answers

assuming the person is talking about a bad situation that happened, the reason would be to try and pass blame rather than take accountability.
if this helped please mark me as brainliest

I give brain to who ever give best answers ​

Answers

Answer:

1.(D)

2.(A)

3.(D)

4.(B)

5.(C)

6.(A)

Thinking and writing question

I think it is important to study ancient civilizations such as Egypt is because

it helps students to have a better understanding of the world.

Based on current events, is it safe for Americans to be working to help Haiti?

Answers

Yes it is safe its unlikely anything bad will happen more

"Genealogy is a source of history". clarify it.​

Answers

Answer:

Genealogy is a source of history". clarify it.

which statement is true of column filters in widgets

Answers

Column filters are simply known as the filters that are applied to the data at the column level and then can be accessed in the grid user interface.

Your information is incomplete. Therefore, an overview of column filters will be provided. Column filters are typically applied to the data at the column level.

In order to create a filter widget, the following are required:

Create a widget.Select filter in the drop-down list.Select the object that you want to filter.Define a date filter.Select save.

In conclusion, column filters can be assessed in the grid user interface through the tool panel or the column menu.

Read related link on:

https://brainly.com/question/25689290

What is 8% of 10 hours for telophase

Answers

Answer:

48 min

Explanation:

what religious denomination is the washington national cathedral?

Answers

Answer:

Episcopal cathedral

Explanation:

Washington National Cathedral, also called Washington Cathedral, officially Cathedral Church of St. Peter and St. Paul, in Washington, D.C., Episcopal cathedral chartered by the U.S. Congress in 1893 and established on Mount St. Alban (the highest point in the city) in 1907.

which countries make up the indian subcontinent today?

Answers

Answer:

India, Nepal, Bangladesh, Pakistan, Bhutan, Sri Lanka, and the Maldives, with over 1.7 billion people.

Explanation:

what was the first times square new year’s ball made of?

Answers

The answer is December 31, 1907
Other Questions
no links!!!!!........Zelda is a beginning photographer. What could she do to help ensure she takes strong photographs?A. Apply the principles of interior design.B. Apply the elements of art.C. Always take photographs in dark places.D. Take photographs without thinking too much about composing them 4321 base seven+1234 base seven Who was the first president of somali Find the critical value z/2 that corresponds to a 83% confidence level Im in 7th grade and dont know this. Dndjdjdjdjsnnsndxj name and describe three ways to protect the world's biodiversity The Parks Department is planting trees. Maple treed cost $50 each and oak trees cost $40 each. The tree-planting budget is 1000.If the Parks Department buys 10 maple trees, how many oak trees can they buy? Round to nearest whole if necessary. After how many seconds does the object hit theground?02O4O 8O 16 Where does hunger originate? A., B., C., or D. A pizza buffet has prepared 15 pizzas to place on the line at the beginning of lunch at 11:00 a.m. The equation used to describe the total number of pizzas that have been placed out on the buffet line is shown below. y = 11x + 15If x represents every 8 minutes after 11:00 a.m, which statement best describes the rate of change in the number of pizzas set out on the buffet? A. Every 16 minutes, 11 more pizzas were set out on the buffet. B. Every 16 minutes, 22 more pizzas were set out on the buffet. C. Every 16 minutes, 32 more pizzas were set out on the buffet. D. Every 8 minutes, 21 more pizzas were set out on the buffet.HELP!!! Which situation was created by the passage of the Alien and Sedition Acts?A a clear division between the church and the government B an overflow of immigrants coming into the United States C an expansion of people's rights during times of war D a disagreement between states and the national government can someone help me with this?Carlos took a 3-day car trip. on the second day he drove 360 miles. on the third day he drove 3 times as far as he did on the first day. if his trip was 1080 miles long, how far did Carlos drive on the first? Please help! (i will give you brainliest if you are sure the answer is correct!)How were U.S. and Indian relations prior to the discovery of gold?A.) They were okay; at times the U.S. respected their culture, and other times they urged assimilationB.) They were bad; the U.S. had been trying to force the Indians onto Reservations for yearsC.) They were bad; the Indians had been trying to steal whites peoples land.D.) They were good; the U.S. left the Indians alones to care for themselves If a celebrity was to come and speak at our school, what celebrity would you pick? Name the celebrity and explain why you would pick them. What would you want them to talk about? How do you think this topic would help our school?l am giving 100 points for this plz answer right plz Giving away free pojntnabe afastbenpugb to get them or theyll be all out This diagram shows a pre image triangle ABC and its image triangle A'B'C.,after a series of transformations. Select from the drop down menu to correctly complete the transformations. NEED HELP ASAP!!!! Which of the following is not a solution of the equation below (3x(x-1)(x-2)=0 A substantial one of these will keep you from going upside down on your loan, that is, owing more on your car than it isworth: A) finance charges B) insurance C) down payment D) interest Can someone help its due today pls help pls pls 9. Most agricultural fields receive inputs of phosphorus, calcium, and magnesium, which are usually obtained by mining rocks containing those elements, grinding them up, and adding themto fertilizers. Assess the likely impact of this practice on the demand for certain rocks and on soil dynamics with regards to both a) a nutrient cycle and b) a feedback loop.