Please answer the all questions.Fill in the blanks!!!! 5,6,7,8,9,10,11!!!!!!!!! 5. a) 11 b) 20 c) 15.40 d) 216. a) 11 b) 20 c) 15.40 d) 217. a) 3.54 b) 3 c) 4.2 d) 08. a) 3.54 b) 3 c) 4.2 d) 09. a) 11 b) 20 c) 15.40 d) 2110. a) 11 b) 20 c) 15.40 d) 2111. a) Alternative A b) Alternative B Consider the following table for Questions 5 to 11.Alternative A Alternative B0.25ProbabilityРayoffUtilityOutcome 10.4015101514ProbabilityPayoffUtilityOutcome 20.250.1025202528Outcome 3ProbabilityPayoffUtility0.500.5020102014The table presents information related to two alternatives (A and B) a consumer can choose.Each alternative has three possible outcomes: Outcome 1, Outcome 2 and Outcome 3.Probabilities related to each outcome, implied payoffs, and obtained utilities are presented.Using this data, perform the necessary calculations and fill the following paragraph choosingthe correct options.The expected payoff from Alternative A is .Alternative B is(5) and the expected payoff from_(6). The standard deviation of the payoff from Alternative A is(8)._(9) and the expected utility from_(10). Assuming that the main concern of this consumer is to(7) and the standard deviation of the payoff from Alternative B is _The expected utility from Alternative A isAlternative B ismaximise expected payoff, the consumer would choose(11).

answers 5) b 6) a 7) a 8) d 9) c 10) d 11) a

The expected payoff from Alternative A is Alternative B is . (5) and the expected payoff from _(6). The standard deviation of the payoff from Alternative A is (8). _(9) and the expected utility from (10). Assuming that the main concern of this consumer is to _(7) and the standard deviation of the payoff from Alternative B i The expected utility from Alternative A is Alternative B is maximise expected payoff, the consumer would choose. _(11).

The expected payoff from Alternative A is Alternative B is . (5) and the expected payoff from _(6). The standard deviation of the payoff from Alternative A is (8). _(9) and the expected utility from (10). Assuming that the main concern of this consumer is to _(7) and the standard deviation of the payoff from Alternative B i The expected utility from Alternative A is Alternative B is maximise expected payoff, the consumer would choose. _(11).

Calculus For The Life Sciences

2nd Edition

ISBN:9780321964038

Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.

Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.

Chapter12: Probability

Section12.CR: Chapter 12 Review

Problem 16CR

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