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A, B, and C are three different prizes. Darryl is an expected utility maximizer who is indifferent between gambles i and ii:
i) winning A with probability p or else C with probability 1 - p
ii) B for sure
Which of the following preference orderings, if any, could characterize his preferences? Tell me any/all that apply, and explain how you know this.
a)B?C?A
b)A?C?B
c)B?A?C
d)A?B?C
e)C?A?B
f)C?B?A
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Estimated the probability that among 75 randomly selected students, at least 20 of them score greater than 78.
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What is the probability that the debt for a borrower with good credit is more than $18,000?
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a) yes, because the tst value -3.46 falls in the noncritical region. b) no, because the test value -1.98 falls in the critical region. c) yes, becasue the test value -3.46 falls in the critical region. d) no because the tst value -1.98 falls in the n..
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