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.

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Related Questions

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 is the difference between paramount and paramount plus

Answers

Paramount plus have a bigger selection of movies and less advertisements

state department travel warnings should be consulted

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Answer:

yes

Explanation:

I give brain to who ever give best answers ​

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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.

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

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.

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.

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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.

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

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.

what football formation is also a turkey day tradition?

Answers

Answer:

Turkey Bowl

Explanation:

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.

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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.

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

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.

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:

"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.

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

Answers

The answer is December 31, 1907

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:

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 is 8% of 10 hours for telophase

Answers

Answer:

48 min

Explanation:

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:

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.

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

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

Answers

Answer:

It lacked the executive power necessary

Explanation:

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.

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

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Yes it is safe its unlikely anything bad will happen more

cranes and associated rigging equipment must be inspected

Answers

Answer:

hi

Explanation:

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:

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