Multiple Choice
There are two states of the world.In state one the person receives one hundred dollars.In state two the person receives fifty dollars.If the person is rational and their expected return is $87.50,then the probability with which state one occurs must be
A) 0.25.
B) 0.50.
C) 0.75.
D) 1.00.
Correct Answer:
Verified
Correct Answer:
Verified
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