Use Properties of Logarithms to Expand the Logarithmic Expression as Much

question 262

Multiple Choice

Use properties of logarithms to expand the logarithmic expression as much as possible. Where possible, evaluate
logarithmic expressions without using a calculator.
- $\log _ { 2 } \left( \frac { 2 } { x } \right)$

• A) \(1 - \log _ { 2 } x\)
• B) 2
• C) \(\frac { 1 } { x }\)
• D) \(- \log _ { 2 } x\)

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The sum of the utilities associated with all possible outcomes, weighted by the probability that each outcome will occur.

Utility

The satisfaction or benefit derived by consumers from consuming a good or service.

Expected Utility

A concept in economics that represents the sum of utilities associated with all possible outcomes, weighted by the probability of each outcome.