?The formula for "expected value" may be written as
A. ?(Probability of state A + Value in state A) × (Probability of state B + Value in state B)
B. ?(Probability of state A × Value in state A) + (Probability of state B × Value in state B)
C. ?(Probability of state A × Value in state A) – (Probability of state B × Value in state B)
D. ?(Probability of state A – Value in state A) × (Probability of state B – Value in state B)
Answer: ?(Probability of state A × Value in state A) + (Probability of state B × Value in state B)
You might also like to view...
The notion that technological change is not random but instead is driven by the pursuit of profits is an essential element of
A) classical growth theory. B) neoclassical growth theory. C) the new growth theory. D) perpetual growth theory.
The following is NOT an example of a potential monitoring solution to moral hazard
a. blocking social network sites on company computers b. closed circuit TVs throughout a warehouse c. GPS tracking devices in repair trucks d. requiring physicians to be 'board certified'
Gross domestic product is a measure of both
a. the market value of a nation's capital assets (physical capital) and the costs that were incurred producing those assets. b. the expenditures on and sales revenues derived from all goods and services exchanged during a period. c. the market value of the output produced during a period and the cost of producing that output. d. the asset holdings of people and the happiness that they derived from the ownership of those assets.
Which of the following happens during an economic recession?
a. At E1, RGDP is below potential GDP. b. At E1, RGDP is above potential GDP. c. At E1, RGDP is equal to potential GDP. d. At E1, RGDP fluctuates with potential GDP.