Answer:
Step-by-step explanation:
14 is 46.67% of thirty so you’d need to find out what 46.67% of 45 is which would be 21
Hope this is right and it helped XD
Note that
Answer:
Mary's risk premium is $0.9375
Step-by-step explanation:
Mary's utility function,
Mary's initial wealth = $100
The gamble has a 50% probability of raising her wealth to $115 and a 50% probability of lowering it to $77
Expected wealth of Mary, 
= (0.5 * $115) + (0.5 * $77)
= 57.5 + 38.5
= $96
The expected value of Mary's wealth is $96
Calculate the expected utility (EU) of Mary:-
![E_u = [0.5 * U(115)] + [0.5 * U(77)]\\E_u = [0.5 * 115^{0.5}] + [0.5 * 77^{0.5}]\\E_u = 5.36 + 4.39\\E_u = \$ 9.75](https://tex.z-dn.net/?f=E_u%20%3D%20%5B0.5%20%2A%20U%28115%29%5D%20%2B%20%5B0.5%20%2A%20U%2877%29%5D%5C%5CE_u%20%3D%20%5B0.5%20%2A%20115%5E%7B0.5%7D%5D%20%2B%20%5B0.5%20%2A%2077%5E%7B0.5%7D%5D%5C%5CE_u%20%3D%205.36%20%2B%204.39%5C%5CE_u%20%3D%20%5C%24%209.75)
The expected utility of Mary is $9.75
Mary will be willing to pay an amount P as risk premium to avoid taking the risk, where
U(EW - P) is equal to Mary's expected utility from the risky gamble.
U(EW - P) = EU
U(94 - P) = 9.63
Square root (94 - P) = 9.63
If Mary's risk premium is P, the expected utility will be given by the formula:

Mary's risk premium is $0.9375
Answer:18.7 or 56/3 cup of flour
Step-by-step explanation:
The solution is in the attached file
The product of the two segments from the two chords are equal.
4(4+5)=(x-2)(x-2+x+4) or 36=(x-2)(2x+2) or x^2-x-20=0 or (x-5)(x+4)=0
So x=5.
<u>Answer:</u>
The sale price per piece of chicken was $0.69
<u>Step-by-step explanation:</u>
• We have to first calculate the price of 1 piece of chicken when 12 pieces cost $9.48.
Original price per piece = $9.48 ÷ 12
= $0.79
• According to the question the price per piece decreased by $0.10 during the sale.
∴ Sale price per piece = $0.79 - $0.10
= $0.69