Question: Fred has a utility function U = 100 + 10W 0.5 +20W 0.25 and also has an investment opportunity that will pay $0 with probability

Fred has a utility function U = 100 + 10W^0.5 +20W^0.25 and also has an investment opportunity that will pay $0 with probability 0.4 or $100 with probability 0.6. What is the expected utility of this opportunity?

		60.00
		100.00
		197.95
		233.12
		263.25

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