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40 yellow balls - PowerPoint PPT Presentation

We can make choices based on expected values and standard deviations.

We can make choices based on expected values and standard deviations. Suppose that you have two urns (jars) containing colored balls and that certain payoffs are associated with the colors. Suppose that yellow balls are worth $100, blue balls are worth $ 20,

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40 yellow balls - PowerPoint PPT Presentation

We can make choices based on expected values and standard deviations.