Multiple Choice
Maya's bracelet is worth $100. There is a 25% chance that it will be stolen from the locker room at the gym. Maya's utility function for money is U(W) = W2. The expected value of Maya's bracelet is:
A) 75.
B) 175.
C) 150.
D) 100.
Correct Answer:
Verified
Correct Answer:
Verified
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