Expected Utility Is

question 41

Multiple Choice

Expected utility is:

• A) the profit from a given decision.
• B) a probability weighted average of possible profits.
• C) an evenly weighted average of possibility profits.
• D) a probability weighted average of possible utility levels.
• E) the expected profits plus a number that depends on risk.

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Definitions:

Translating Task

The activity of converting text or speech from one language to another.

Commands

Instructions given by a user or a program to a computer or software to perform a specific task or operation.

Sequential Steps

A series of actions or operations that follow a specific, logical order with a start and end, often used in algorithms and processing.

Natural Language

The language that is used by humans for everyday communication, characterized by its complexity and variability.