Risky business test review
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Risky Business Test Review. The odds of winning most games are. In favor of the Sponsor, Not the Player. People at _____ income levels use a larger percentage of their income to buy lottery and scratch tickets than people at _____ levels of income. Lower / Higher.

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Risky business test review

Risky Business Test Review


The odds of winning most games are

The odds of winning most games are


In favor of the sponsor not the player

In favor of the Sponsor, Not the Player


Risky business test review

People at _____ income levels use a larger percentage of their income to buy lottery and scratch tickets than people at _____ levels of income


Lower higher

Lower / Higher


If you increase the number of times you gamble you will improve your of winning

If you increase the number of times you gamble, you will improve your _____ of winning.


Probability

Probability


To improve your odds of winning which games should you play

To improve your odds of winning, which games should you play?


Blackjack poker

Blackjack / Poker


Implies that you have some knowledge about outcome of your choices

_____ implies that you have some knowledge about outcome of your choices.


Predictability

Predictability


Risky business test review

Money used for gambling should be _____ as entertainment and not needed to pay bills, buy food or other necessities.


Budgeted

budgeted


Risky business test review

The outcome of one event affects the outcome of another, changing the probability of the second event – playing Powerball


Dependent

Dependent


Is the likelihood that something will happen

_____ is the likelihood that something will happen


Probability1

Probability


What are most gaming activities based on

What are most gaming activities based on?


Risky business test review

LUCK


What is investing in the stock market a form of

What is investing in the stock market a form of


Predictability1

Predictability


Why is investing in the stock market a form of predictability

Why is investing in the stock market a form of predictability?


Because you have knowledge abut the choices you are making

Because you have knowledge abut the choices you are making


Risky business test review

If you are always bragging about your gambling activities and you spend quite a bit of time gambling, you are


Addicted to gambling and need professional help

Addicted to Gambling and Need Professional Help


What is an opportunity cost

What is an opportunity cost?


Your second best choice

Your Second Best Choice


What is an example of an opportunity cost associated with gambling

What is an example of an opportunity cost associated with gambling?


Not being able to put the money you spent gambling in your savings account

Not Being Able to Put The Money You Spent Gambling in Your Savings Account


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