X Pays a Yearly Salary of $52,000, Regardless of Thestate

question 253

Multiple Choice

X pays a yearly salary of $52,000, regardless of thestate of the economy. Job Y pays a yearly salary of$10,000 in a bad economy and $70,000 in a goodeconomy. The probability of a bad economy is 0.30.Which job would most people prefer?

• A)Job Y because the expected payoff is $70,000 seventy percent of the time.
• B)Job X because it is more certain than the $52,000 expected payoff of Job Y.
• C)Job X because $52,000 exceeds the expected payoff of Job Y by $3,000.
• D)Job Y because the expected payoff of $70,000 is greater than $55,000.

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Definitions:

Hematuria

The presence of blood in the urine, which can be a sign of various underlying conditions.

Incontinence

The inability to control the excretion of urine or feces.

Estradiol

is a form of estrogen, a female sex hormone involved in the regulation of the reproductive and menstrual cycle.

Progesterone

A hormone produced in the ovaries, placenta (during pregnancy), and adrenal glands, important for regulating the menstrual cycle and maintaining the early stages of pregnancy.