Solve the Problem $y$ Is the Minimum Number of Hours of Studying Required to Indicated

question 468

Multiple Choice

Solve the problem. Round to two decimal places unless otherwise indicated.
-In the following formula, $y$ is the minimum number of hours of studying required to attain a test score of $x$ : $y =$ $\frac { 0.47 x } { 100.5 - x }$ . How many hours of study are needed to score $97 ?$

• A) 13.03 hr
• B) 27.85 hr
• C) 100.02 hr
• D) 130.30 hr

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Definitions:

Expected Utility Function

A concept in economics that represents an individual's preference for certain outcomes over others, calculated as a weighted average of the utility of all possible outcomes, based on their probabilities.

Utility Function

In economics, a mathematical representation that ranks individuals' preferences over sets of goods and services, indicating the level of satisfaction or utility they obtain.

Risk Neutral

A risk neutral person or entity is indifferent between choices with different levels of risk, focusing solely on the expected outcome without concern for the variability of returns.

Risk Averse

Personality or preference indicating a tendency to avoid taking risks, preferring certainty or less risky options.