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    - Public Finance Scope 5
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12th Grade Expected Value In Economics Quizzes, Questions & Answers

12th Grade

Top Trending Expected Value In Economics Quizzes

This quiz evaluates your grasp of expected value, a key concept in economics and decision-making. The Expected Value Calculation Quiz will guide you in predicting average outcomes when faced with uncertainty and probability....

Questions: 15 | Attempts: 10 | Last updated: Apr 15, 2026

Sample Question 1
A lottery ticket costs $5. If you win, you receive $100 with probability 0.1, and you lose with probability 0.9. What is the expected value of this ticket?

$5

$10

$15

$20

Sample Question 2
In a dice game, rolling a 1–4 wins $10, rolling a 5–6 loses $8. What is the expected value per roll?

$2.00

$1.33

$0.67

$3.50

Sample Question 3
A business has a 60% chance of earning $50,000 and a 40% chance of losing $20,000. What is the expected profit?

$20,000

$22,000

$25,000

$30,000

12th Grade Expected Value In Economics Quizzes, Questions & Answers

Top Trending Expected Value In Economics Quizzes

Recent Expected Value In Economics Quizzes