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11. Jackie's total utility from income can be described as: Utility= VIncome She faces a job with two possible outcomes: Outcome 1: $5,000 with 40%
11. Jackie's total utility from income can be described as: Utility= VIncome She faces a job with two possible outcomes: Outcome 1: $5,000 with 40% Outcome 2: $1,000 with 60% 11.1 (4 pt) What is the expected value? the standard deviation for the job? 11.2 (6 pt) What is Jackie's risk premium
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