Question: Chris prefers a sled to a harmonica, and specifies the following equivalence relations: Sled 2 Sled Book ~ .3 Sweater ~ Harmoica 8 Harmoica .85

Chris prefers a sled to a harmonica, and specifies the following equivalence relations: Sled 2 Sled Book ~ .3 Sweater ~ Harmoica 8 Harmoica .85 Sled Ball . 15 Harmoica a. What is Chris' preference ordering for the Sled, the Harmonica, the Book, the Sweater, and the Ball? b. What is Chris' indifference probability (the probability of a sled versus a harmonica in a hypothetical deal) that is equivalent to the following deal? .25 Book 6 Q.75 Sweater Ball .3 4 5 Sled Ball Book

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