If Ann's Utility Function Is U = W⁰

question 85

Multiple Choice

If Ann's utility function is U = W⁰.⁵,and she invests in a business which can yield $6,400 with probability 1/5,and $3600 with probability 4/5,then her expected utility is

• A) 80.
• B) 76.
• C) 64.
• D) 60.

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