the raffle? Jaime has never won a raffle before, so she is likely to win this time. The raffle has a positive expected value Jaime often wins raffles I choose to use one of my three skips on this question. Jaime has a good chance of winning

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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4

4
D
Jaime mailed in a raffle entry off the side of a cereal carton. The carton said that 1 in 800,000 entries would win. Which of the following is a rational motivation for Jaime to enter
the raffle?
Jaime has never won a raffle before, so she is likely to win this time.
The raffle has a positive expected value
Jaime often wins raffles
C
I choose to use one of my three skips on this question.
Jaime has a good chance of winning
Transcribed Image Text:4 D Jaime mailed in a raffle entry off the side of a cereal carton. The carton said that 1 in 800,000 entries would win. Which of the following is a rational motivation for Jaime to enter the raffle? Jaime has never won a raffle before, so she is likely to win this time. The raffle has a positive expected value Jaime often wins raffles C I choose to use one of my three skips on this question. Jaime has a good chance of winning
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