EBK NUMERICAL ANALYSIS
EBK NUMERICAL ANALYSIS
10th Edition
ISBN: 9780100546301
Author: BURDEN
Publisher: YUZU
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T={(−7,1),(1,−1),(6,−8),(2,8)} Find the domain and range of the inverse. Express your answer as a set of numbers.
T={(−7,1),(1,−1),(6,−8),(2,8)}.  Find the inverse. Express your answer as a set of ordered pairs.
Starting with the finished version of Example 6.2, attached, change the decision criterion to "maximize expected utility," using an exponential utility function with risk tolerance $5,000,000. Display certainty equivalents on the tree. a.  Keep doubling the risk tolerance until the company's best strategy is the same as with the EMV criterion—continue with development and then market if successful. The risk tolerance must reach $ 160,000,000 before the risk averse company acts the same as the EMV-maximizing company. b.  With a risk tolerance of $320,000,000, the company views the optimal strategy as equivalent to receiving a sure $____________ , even though the EMV from the original strategy (with no risk tolerance) is $ 59,200.
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