Author Question: An interviewer has made an error in recording the data. This type of error is known as a. an ... (Read 253 times)

imanialler · **on:** Jun 24, 2018

An interviewer has made an error in recording the data. This type of error is known as
a. an experimental error.
b. a data acquisition error.
c. a non-experimental error.
d. a conglomerate error.

Question 2

A decision maker has chosen .4 as the probability for which he cannot choose between a certain loss of 10,000 and the lottery p(25000) + (1 p)(5000). If the utility of 25,000 is 0 and of 5000 is 1, then the utility of 10,000 is
a. .5
b. .6
c. .4
d. 4