Exam 1

  1. Metainformation

    Tag Value
    fileProbability_uva-expected-value-1092-en_uva-expected-value-1092-en
    nameuva-expected-value-1092-en
    sectionProbability/Elementary Probability/Random variables/Expected value
    typeschoice
    solutionFALSE, TRUE, FALSE, FALSE
    TypeConceptual
    LanguageEnglish
    LevelStatistical Literacy
    IRT-Difficulty1.512
    p-value0.8597

    Question

    You have 1,000 euros and a plan to invest your money. In the following table you will find the possible net profits in a year and the probability of these profits.â  Plan

    ————- ——- Net profits Chance € 5000 0,001 € 1000 0,005 € 0 0,994 ————- ——-

     What is the expected return after one year if you choose this plan?


    1. FALSE: € 50
    2. TRUE: € 10
    3. FALSE: € 5
    4. FALSE: € 0

    1. € 50: Incorrect
    2. 10 €: Correct
    3. 5 €: Incorrect
    4. € 0: Incorrect