Question: Kathy's utility function is U=W 0.5 , and she invests in a business that can yield $9200 with probability 2/5, and $8100 with probability 3/5.
Kathy's utility function is U=W0.5, and she invests in a business that can yield $9200 with probability 2/5, and $8100 with probability 3/5. Her expected wealth is?
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