02 Jun Question 1) Growing up, family vacations were difficult for your i
Question
1) Growing up, family vacations were difficult for your instructor because both she and her father have a disease called FHS muscular dystrophy that causes inability to walk, severe pain, and other problems. It’s about as “fun” as it sounds! Let’s consider a family in the same situation that is considering taking a 10-day vacation, the only one possible in ten years due to their busy schedules.
There are two mutually exclusive possibilities:
Someone will get sick and ruin the whole vacation (no vacation days), or
No one will get sick and they will get ten whole days of vacation.
We can write the family’s utility function as U = V1/2 (or U = V^(1/2) if it does not show correctly on your monitor), where V is the number of vacation days the family ends up being able to take. The chance of someone in the family getting sick over the relevant time period is 20%. What is the expected value of V over the vacation?
2)Continuing with the scenario just described, calculate the family’s expected utility (expected value of U).
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Writedemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.