Question 3 A decision maker has a utility function U = VĪ. This decision maker is: O risk-loving. O risk-gaining. O risk-neutral. O risk-averse, Question 4 Given the possible outcomes to a lottery being only the values 2, 6 with equal probabilities, calculate the expected value, variance and standard deviation? O EV = 4, variance = 4, standard deviation = 2 O EV = 3.5, variance = 4, standard deviation = 2 O EV = 4, variance = 16, standard deviation = 4 O EV = 4, variance = 4, standard deviation = 4

Question 3 A decision maker has a utility function U = VĪ. This decision maker is: O risk-loving. O risk-gaining. O risk-neutral. O risk-averse, Question 4 Given the possible outcomes to a lottery being only the values 2, 6 with equal probabilities, calculate the expected value, variance and standard deviation? O EV = 4, variance = 4, standard deviation = 2 O EV = 3.5, variance = 4, standard deviation = 2 O EV = 4, variance = 16, standard deviation = 4 O EV = 4, variance = 4, standard deviation = 4

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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