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Author Question: An interviewer has made an error in recording the data. This type of error is known as a. an ... (Read 232 times)

imanialler

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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


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Jane

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Reply #1 on: Jun 24, 2018
Answer to Question 1

b

Answer to Question 2

b


imanialler

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Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

bitingbit

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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