Question: Hi there can you please help me on this and make sure its clear so i can better understand it please thank you so much

Hi there can you please help me on this and make sure its clear so i can better understand it please thank you so much i really appreciate all your help and i will make sure to thank you as well, please make sure its clear and good for me to understand. thank you!!!

Hi there can you please help me on this and make sure

Suppose Jin is willing to accept any of the following bets. . He wins $3 if it rains tomorrow; he pays $3 if it doesn't. He wins $4 if it rains tomorrow; he pays $2 if it doesn't. He wins $5 if it rains tomorrow; he pays $1 if it doesn't. Assume Jin follows the expected value formula, and utility and money are equal for him. Which of the following can we conclude about his personal probability for rain tomorrow, Pr(R)? O Pr(R) > 1/2 O Pr(R) = 1/2 O Pr(R) = 1/3 O Pr(R) = 1/4 O Pr(R) $ 1/4 O None of the above

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