I'm stuck on problem 3 and 4. Thank You.
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I'm stuck on problem 3 and 4. Thank You. Questions 1-5 refer to prospects X and...
Questions 1 – 4 refer to prospects X and Y below, as well as the following information x = ($0,0.25;$50,0.50;$100,0.25) y = ($20,0.25;$50,0.50;$80,0.25) Mark has utility of wealth given by u(x)=x^0.4 1.) What is the expected value of prospect X (EV(X))? 2.) What is the standard deviation of prospect X (SD(X))? Round your answer to the nearest cent, and don’t worry, I’ll include a healthy margin of error so you won’t get this wrong due to rounding). 3.) What is...
Questions 1 – 4 refer to prospects X and Y below, as well as the following information ?? = ($0, 0.50; $40, 0.25; $100, 0.25) ?? = ($0, 0.25; $40, 0.50; $60, 0.25) Mark has utility of wealth given by ?(?) = ?^0.6 1. What is the expected value of prospect X (?V(?))? 2. What is the standard deviation of prospect X (SD(?))? (Round your answer to the nearest cent, and don’t worry, I’ll include a healthy margin of error...
I need help on number 2 and 5. Thank you. Questions 1 – 4 refer to prospects X and Y below, as well as the following information x = ($0,0.25;$50,0.50;$100,0.25) y = ($20,0.25;$50,0.50;$80,0.25) Mark has utility of wealth given by u(x)=x^0.4 1.) What is the expected value of prospect X (EV(X))? 2.) What is the standard deviation of prospect X (SD(X))? Round your answer to the nearest cent, and don’t worry, I’ll include a healthy margin of error so you...
Questions 5-7 ask you to consider risky prospects Y and Z, below: Y Z ($40, 0. 75; $60, 0.25) (S0, 0.40; $75,0.60) S. (10 points) Prospect Z is a mean preserving spread of prospect Y. True or False: SD(Z) > SD(Y). 6. (10 points) Jane has a concave utility of wealth function, u(x). Which of the following statements is true? (Hint: Z is a mean preserving spread of Y) a. Jane prefers Y to Z b. Jane prefers Z to...
Questions 1-4 rely on the following prompt Risky Prospect Y is defined as: Y = ($0, 0.25; $8, 0.50; $64, 0.25). Marco's utility of wealth function is given by u(x) = Vx (in case the font is too small, that says "fourth root of x”). 1. What is the value of EV(Y)? 2. What is the value of SD(Y) (the standard deviation of prospect Y (Round to the nearest hundredth). 3. What is the value of EU(Y) for Marco? 4....
Risky Prospect Y is defined as: Y (S0, 0.35; S16, 0.50: $81,0.15). Marco's utility of wealth function is given by u(x)-Vx (in case the font is too small, that says "fourth root of x"). 1. What is the value of EV(Y)? 2. What is the value of SD(Y (the standard deviation of prospect Y (Round to the nearest hundredth) 3. What is the value of EU(Y) for Marco? 4. What is Marco's certainty equivalent for Y (what is the value...
ONLY ANSWER QUESTION B, C (both c's), F (identifying i, ii, iii) & G. THANK YOU! dud Jackson has a utility of money function given by U()- y. a) Is Jackson risk averse, risk neutral, or a risk lover? How do you know this? All of Jackson's wealth is in his land and his house; the total value is $1,000,000. With probability 0.4, the house will burn down, and Jackson's remaining wealth will be only the value of the land,...
I answered the First one that was making this table. I'm stuck after. 1 Year Population 2000 6 x 109 2050 12 x 109 = 1.2 x 1010 2100 24 x 109 = 2.4 x 1010 2150 48 x 109 =4.8 x 1010 2200 96 x 109 = 9.6 x1010 2250 192 x 109 = 1.92 x 1011 2300 384 x 109 = 3.84 x 1011 2350 768 x 109 = 7.68 x 1011 2400 1536 x 109 = 1.536...
Problem 1 A student decided to perform at 5% sigfnificance level usual t-test for H:4=3 against H:4 3, for a sample of size n=10. But she did a mistake: used wrong degrees of freedom df - 10 instead of correct df - 11-1-9, so she used wrong critical value. What is the probability of type I error that she would have performing the test? Problem 2 Let X is amount of coffee in a "100g coffee can", EX = 4....
HELLO, PLEASE HELP WITH QUESTIONS 8-10 PLEASE PLEASE AND THANK YOU!! PLEASE, I DON'T HAVE ANY MORE QUESTIONS, AND I ASKED THIS 2 TIMES ALREADY AND NO RESPONSE. THANK YOU!!! APPRECIATE IT!! Question Completion Status: BUTTON Questions 5 to 11 are based on the following scenario Question 5: Although the following scenario is hypothetical, it is based on actual facts. African leopards live in a variety of habitats including forests, mountains, grasslands and deserts. Most leopards are light brown with...