managerial economics

Project Description:

in the final round of a tv game show, contestants have a chance to increase their current winnings of $1 million to $2 million. if they are wrong, their prize is decreased to $500,000. a contestant thinks his guess will be right 50% of the time. should he play? what is the lowest probability of a correct guess that would make playing profitable?
Skills Required:
Project Stats:

Price Type: Fixed

Project Budget: $0 to $10
Total Proposals: 3
1 Current viewersl
33 Total views
Project posted by:


Proposals Reputation Price offered
  • 4.8
    72 Jobs 35 Reviews
    $15 in 2 Days
  • 4.4
    84 Jobs 35 Reviews
    $10 in 1 Day