Multiple Choice
Which of the following chances has the biggest expected return?
A) a 60% chance of winning $2,400 and a 40% chance of winning $0
B) a 100% chance of getting $1,200
C) a 50% chance of winning $1,200, 20% chance of winning $2,400 and a 30% chance of losing $2,400
D) All of the above have the same expected return.
Correct Answer:

Verified
Correct Answer:
Verified
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