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).
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
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) 21
6. a) 11 b) 20 c) 15.40 d) 21
7. a) 3.54 b) 3 c) 4.2 d) 0
8. a) 3.54 b) 3 c) 4.2 d) 0
9. a) 11 b) 20 c) 15.40 d) 21
10. a) 11 b) 20 c) 15.40 d) 21
11. a) Alternative A b) Alternative B
Transcribed Image Text:Consider the following table for Questions 5 to 11.
Alternative A Alternative B
0.25
Probability
Рayoff
Utility
Outcome 1
0.40
15
10
15
14
Probability
Payoff
Utility
Outcome 2
0.25
0.10
25
20
25
28
Outcome 3
Probability
Payoff
Utility
0.50
0.50
20
10
20
14
The 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 choosing
the 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 is
Alternative B is
maximise expected payoff, the consumer would choose
(11).
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