Multiple Choice
Consider the following game. You roll a 6-sided die and each time you roll a 1, you get $50. For all other outcomes you pay $10. The $50 when you "win" and the -$10 when you "lose" are known as
A) payoffs.
B) winnings and losings, respectively.
C) incentives.
D) expected values.
Correct Answer:
Verified
Correct Answer:
Verified
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