Multiple Choice
Wilson is watching two different roulette-type games at a local charity bazaar.Each game costs $1.00 to play.In one game there are ten different numbers,and if the number he selects comes up,he will win $12.00.In the other game there are 100 different numbers,but if the number he selects comes up,he will win $50.00.Based on expected value theory,Wilson should
A) play the second game because it has a higher expected value.
B) play either one of the games because they both have the same expected value.
C) not play either game because they both have such low odds of winning.
D) play the first game because it has a higher expected value.
Correct Answer:

Verified
Correct Answer:
Verified
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