Question: Suppose Mr. Spock (a rational person) has the utility function U (x) = 45offered to choice between $ 4 (sure gain) and gamble G which

Suppose Mr. Spock (a rational person) has the utility function U (x) = 45offered to choice between $ 4 (sure gain) and gamble G which provides a 0.5 probability of winning $ 9 and a 0.4 probability of WINNING $1. What is the expected value of gambling G? What is the expected utility of G gambling? What's the expected benefit of $ 4 (a proven gain)? Which offer would Mr. Spock select? What is the sure equivalent of gambling G

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