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PROBLEM 3. For your graduation present from college, your parents are offering you your choice of two alternatives. The first alternative is to give you

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PROBLEM 3. For your graduation present from college, your parents are offering you your choice of two alternatives. The first alternative is to give you a monetary gift of $20,000. The second alternative is to make an investment in your name. This investment will quickly have the following two possible outcomes: m Probability Receives $10,000 Receives $35,000 \" Your Utility for receiving Xthousand dollars is given by the Utility Function: UCX) = vZX 8 Which choice should you make to maximize Expected Utility (show your work}

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