Royal Melbourne Institute of Technology ECON 1048 Quiz 4-questions and answers
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Course
ECON 1048
Institution
Royal Melbourne Institute Of Technology
Quiz 4: Risk & Uncertainty
Due 9 Apr at 23:59
Points 10
Questions 5
Available 30 Mar at 0:00 - 9 Apr at 23:59 11 days
Time limit 30 Minutes
Instructions
This is an individual assessment task. You must complete this task on your own.
Collaboration, or any other form of as...
question 1 1 1 pts identify the truthfulness of the following statements i a lottery can be described in terms of the probability that each possible outcome occurs
and the consequences of each ou
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ECON 1048
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Quiz 4: Risk & Uncertainty
Due 9 Apr at 23:59
Points 10
Questions 5
m
er as
co
eH w
o.
rs e
Available 30 Mar at 0:00 - 9 Apr at 23:59 11 days
ou urc
o
aC s
v i y re
Time limit 30 Minutes
Instructions
ed d
ar stu
This is an individual assessment task. You must complete this task on your own.
Collaboration, or any other form of assistance not explicitly authorise by the University,
is not permitted.
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1. You have 30 minutes to complete this quiz.
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2. You have 1 attempt.
3. Have a calculator, pen and scrap paper available to assist with
any required calculations.
4. There are 10 marks available in this quiz, and your best 8 quizzes contribute 20%
of your final grade.
Use the feedback from the quizzes to track your progress through the course. Seek help at the
earliest available opportunity if you find yourself falling behind.
Important: It is strongly recommended that you attempt the quizzes using the Google
Chrome web browser. Images embedded in the quizzes may not appear correctly when
viewed through Safari or Firefox.
This study source was downloaded by 100000827039679 from CourseHero.com on 08-10-2021 01:19:12 GMT -05:00
, This quiz was locked 9 Apr at 23:59.
Attempt history
Attempt Time Score
LATEST Attempt 1 22 minutes 4 out of 10
Score for this quiz: 4 out of 10
Submitted 6 Apr at 15:20
This attempt took 22 minutes.
Question 1
pts
Identify the truthfulness of the following statements:
i. A lottery can be described in terms of the probability that each possible outcome
occurs, and the consequences of each outcome for the decision-maker.
ii. The probabilities of a lottery's outcomes must sum to zero.
m
er as
co
eH w
Both i and ii are true.
o.
rs e
ou urc
Both i and ii are false.
Correct!
o
aC s
i is true; ii is false.
v i y re
i is false; ii is true.
ed d
The method for describing a lottery is covered in Lecture 4. The probabilities of a lottery's
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outcomes must sum to 1.
Question 2
sh is
pts
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This study source was downloaded by 100000827039679 from CourseHero.com on 08-10-2021 01:19:12 GMT -05:00
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