Refer to the Data Provided in Table 17 -Refer to Table 17

question 37

Multiple Choice

Refer to the data provided in Table 17.2 below to answer the following question(s) . The table shows the relationship between income and utility for Sue.
Table 17.2
$$\begin{array} { | c | c | } \hline \text { Income } & \text { Total Utility } \\\hline \$ 0 & 0 \\\hline \$ 20,000 & 20 \\\hline \$ 40,000 & 40 \\\hline \$ 60,000 & 60 \\\hline \$ 80,000 & 80 \\\hline\end{array}$$
-Refer to Table 17.2. Sue earns $40,000 annually. She has the opportunity to bet her entire salary on the upcoming super bowl. If Sue takes the bet, she will pick the Patriots. She believes that the Patriots have a 50-50 chance of winning the game. If the Patriots win, Sue will double her money ($80,000) but if they lose she loses her entire salary ($0) . This bet can be characterized as

• A) risk-neutral.
• B) an unfair bet.
• C) a fair bet.
• D) risk-loving.

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Definitions:

Handling Exceptions

Handling exceptions involves writing code that responds to errors during program execution in a controlled manner, thereby preventing the program from crashing unexpectedly.

RuntimeException

A type of exception in programming that indicates errors that can occur during the execution of a program and are not checked by the compiler, such as division by zero or invalid array indexes.

Catch Or Declare Rule

A rule in Java that requires a method to either catch an exception with a try-catch block or declare it in the method's signature if it can throw checked exceptions.

Unchecked Exception

In Java, an exception that is not checked at compile-time but rather at runtime, including errors and runtime exceptions.