Ask Question
9 January, 03:16

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. however, 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?

+4
Answers (2)
  1. 9 January, 03:43
    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!
  2. 9 January, 03:44
    0
    Take that 50/50 chance.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “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. however, if ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers