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Q3 (a) Consider the data in the table below for investments A and B. Using the utility function U(W) = w; -we, calculate which of

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Q3 (a) Consider the data in the table below for investments A and B. Using the utility function U(W) = w; -we, calculate which of the two investments has the higher utility for an investor. (6 Marks) WA Probability WB Outcome Probability Outcome 2/5 9 10 2/3 2/5 3 5 1/3 1/5 1

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