Risky business test review
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Risky Business Test Review PowerPoint PPT Presentation


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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

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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


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


Probability


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


Blackjack / Poker


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


Predictability


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


budgeted


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


Dependent


_____ is the likelihood that something will happen


Probability


What are most gaming activities based on?


LUCK


What 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


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


What is an opportunity cost?


Your Second Best Choice


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


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