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Cheryl has only two apartment rental options for next year: an apartment on Forest Ave and one in Kerrytown. She wants to find a roommate
Cheryl has only two apartment rental options for next year: an apartment on Forest Ave and one in Kerrytown. She wants to find a roommate and she prefers the Kerrytown apartment, but she really doesn't want to end up getting stuck paying for the more expensive Kerrytown apartment if she can't find a roommate. She ranks her utilities as follows: Highest utility is Kerrytown with a roommate, Forest with a roommate has 3/4 the utility of that best outcome, Forest without a roommate has the utility of the best outcome and Kerrytown without a roommate has 1/10 the utility of the best outcome. She thinks she's only about 25% likely to find a roommate. How do the expected utilities of the Kerrytown and Forest apartments compare to each other? Group of answer choices the expected utility of the Kerrytown apartment is between 1.5 and 2 times as high the expected utility of the Forest apartment is between 1.5 and 2 times as high. none of the other answers is correct the expected utility of the Kerrytown apartment is more than twice as good the expected utility of the Forest apartment is more than twice as good Flag
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