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mrs_skeptik [129]
3 years ago
9

Suppose that you are participating in a game show. so far, you have won $10,000 free of tax and can leave with your winnings.how

ever, if you continue to play, you have a 50-50 chance of doubling your winnings or ending up with $7,500. what would you do?
Business
2 answers:
alisha [4.7K]3 years ago
8 0
Take that 50/50 chance.
olga nikolaevna [1]3 years ago
3 0

Answer

I would stop playing and leave with the $10000 free of tax

Explanation

The truth in such games is that they are not designed to be exactly 50/50. There are possibilities for outcomes that will tie or loose. Furthermore, a game that is really 50/50, the house will deduct some commission. These games always have a room for the house advantage, thus for me, I will just go with $10000 fortune!


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