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3 years ago

15

15-(37+8)÷3= How do you the work for this problem?

1 answer:

klasskru [66]3 years ago

8 0

Answer:

0

Step-by-step explanation:

P=( )

E=exponents

M/D=multiplication or division

A/S= addition or subtraction

15-(37+8)÷3

first you start out with whats inside the () which is (37+8) which equals (45)

15-(45)÷3

after you want to divide 45 by 3 which is 15

15-15

you get 0

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Step-by-step explanation:

n + m -2(m-m)

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Solve the equation. Find x.<br> 20x + 5 - 0 = 5x + 32.5*2

SVEN [57.7K]

Answer:

x = 4

Step-by-step explanation:

Step 1: Simplify both sides of the equation.

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uppose that Mary's utility function is U(W) = W0.5, where W is wealth. She has an initial wealth of $100. How much of a risk

Stels [109]

Note that $U(W) = W^{0.5}$

Answer:

Mary's risk premium is $0.9375

Step-by-step explanation:

Mary's utility function, $U(W) = W^{0.5}$

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, $E_w$

$E_{w}$ = (0.5 * $115) + (0.5 * $77)

$E_{w}$ = 57.5 + 38.5

$E_{w}$ = $96

The expected value of Mary's wealth is $96

Calculate the expected utility (EU) of Mary:-

$E_u = [0.5 * U(115)] + [0.5 * U(77)]\\E_u = [0.5 * 115^{0.5}] + [0.5 * 77^{0.5}]\\E_u = 5.36 + 4.39\\E_u = \$ 9.75$

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:

$E_{u} = U(E_{w} - P)\\E_{u} = U(96 - P)\\E_u = (96 - P)^{0.5}\\(E_u)^2 = 96 - P\\ 9.75^2 = 96 - P\\95.0625 = 96 - P\\P = 96 - 95.0625\\P = 0.9375$

Mary's risk premium is $0.9375

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