Suppose you won the lottery and had two options: (1) receiving s0.2 million or (2) taking a gamble in which, at the fip of a coin, you receive s0 4 million if a head comes up but receive zero if a tail comes up. a. What is the expected value of the gamble? Enter vour answer in millions. For example, an ansmer of 3500,000 stousd be antarwd as os. Round your answer to one decimal plece. s milion b. Would you take the sure 50,2 miltion or the gamble? c. If you chose the sure s0:2 million, would that indicate that you are a risk averter or a ruk sesker? 1. The expected proft on the T-bond investment is 514,000 . What is the expected dollar profit on the stook imvertmanes inound rour answer to the nearest dollar. 5 vour onswer to the nearest whole numbec: 3. Whuld vou invest in the bond or stock? in the stock, given the 75 retum on the bond? Round your answer to the nearest whole number. if no exact answer cas be obtained. enter 0