Question: Suppose Mr Spock (a rational person) has a utility function u(x)=x0.6 and he has been offered the choice between $4 (sure gain) and a gamble

Suppose Mr Spock (a rational person) has a utility function u(x)=x0.6

Suppose Mr Spock (a rational person) has a utility function u(x)=x0.6 and he has been offered the choice between $4 (sure gain) and a gamble G which offers a 0.6 probability of winning $9 and a 0.4 probability of winning $1. What is the expected value of gamble G

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