Q 38

Use the information below to answer the following question(s).
Below are four options for an investment decision.
-Based on the average utility, which of the following is considered the worst decision?
A)bank CD
B)bond fund
C)index fund
D)growth fund

Q 40

Use the information below to answer the following question(s).
Below are four options for an investment decision.
-If the payoff is $2200 and R is equal to $500, what is the utility function?
A)0)9877
B)0)6819
C)0)7645
D)0)4502

Q 41

A payoff table is a matrix whose rows correspond to events and whose columns correspond to decisions.