Question: Please give a well explained answer Nia is looking to place a $100 bet on the Warriors vs. Lakers game. The Warriors have a 40%

Please give a well explained answer

Please give a well explained answer Nia is looking to place a

Nia is looking to place a $100 bet on the Warriors vs. Lakers game. The Warriors have a 40% chance of winning the game. If the Warriors win Nia will receive $300 (or $200 in net minus the initial $100 bet), but if they lose then she gets nothing and loses her $100. If Nia has a utility function UN (x) = x12, should she take the bet? 0 Yes O No Q Indifferent between yes and no

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