D=9

L. A sub-contractor for a construction project needs to make a decision from the following two job options. Opties Sure pre Job 1235, Addial profitare kly affuming 20 kdy of fishing hoof S40,000 of 50.000 D-large Force- Job 22O No pedes Utility Curve Utility value 175 200 225 250 Cost value 275 300 Thousands (5 marks) i. What is the expected monetary value for each job? Job 1.. . Job 2 .............. Use the given graph and answer the following questions. For it and ivdraw lines and show the when the graph ii. What type of risk attitude does the sub-contractor show? mark) iii. Plot and show expected monetary value and corresponding utility value for each job on the given graph. 20 marks) iv. Based on the information above, which job the subcontractor will choose? Explain the reason. (10 marks) v. Explain likely insurance premium the sub-contractor is willing to pay for the selected job. (10 marks) L. A sub-contractor for a construction project needs to make a decision from the following two job options. Opties Sure pre Job 1235, Addial profitare kly affuming 20 kdy of fishing hoof S40,000 of 50.000 D-large Force- Job 22O No pedes Utility Curve Utility value 175 200 225 250 Cost value 275 300 Thousands (5 marks) i. What is the expected monetary value for each job? Job 1.. . Job 2 .............. Use the given graph and answer the following questions. For it and ivdraw lines and show the when the graph ii. What type of risk attitude does the sub-contractor show? mark) iii. Plot and show expected monetary value and corresponding utility value for each job on the given graph. 20 marks) iv. Based on the information above, which job the subcontractor will choose? Explain the reason. (10 marks) v. Explain likely insurance premium the sub-contractor is willing to pay for the selected job. (10 marks)