Question: Lakisha has a utility function for income given by Upper U left parenthesis Upper I right parenthesis equals StartRoot Upper I EndRoot. Lakisha is .

Lakisha has a utility function for income given by Upper U left parenthesis Upper I right parenthesis equals StartRoot Upper I EndRoot. Lakisha is . Part 2 Lakisha is considering an investment that would give her an income of $10,000 with a probability of 0.35 or an income of $15,000 with a probability of 0.65. The expected utility of this investment is enter your response here. (Enter your response as a real number rounded to two decimal places.) Part 3 Lakisha is also considering a safe investment that returns a certain income of $12,000. Given her utility function, Lakisha would prefer the investment with the uncertain income safe investment with the certain income .

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