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7. Calculate the Expected Utility of B: A: You are given $9,200, for sure. B: You are given a gamble, determined by the flip of

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7. Calculate the Expected Utility of B: A: You are given $9,200, for sure. B: You are given a gamble, determined by the flip of a fair coin. You have a 50% chance of getting $15,000 and a 50% chance of getting $5,000. A) 95.0 B) 95.5 C) 96.0 D) 96.5 E) 97.0 Payment for either alternative A or alternative B is immediate and made in cash. Utility =U=W1/2

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