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Technician A says that oil pressure that fluctuates from high to low can be caused by a sticking oil pump pressure relief valve. Technician B says that a stuck-closed pressure relief valve will result in high oil pressure at idle (at normal operating temperature) . Who is right?
Expected Utility
A concept in economics and finance that describes the utility or satisfaction a rational individual anticipates from a particular choice, taking into account all possible outcomes.
Risk-neutral
A situation or attitude wherein an individual or entity is indifferent between choices with varying levels of risk, focusing solely on expected outcomes.
Expected Utility
A theory in economics that calculates the utility of an outcome that is uncertain, by considering all possible outcomes and their probabilities.
Utility
The satisfaction or value obtained by consuming a good or service.
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