Question
Suppose X has income of Rs.500. He wants to maximise his
expected benefit Z1/2 where Z is his money earned. He has two options, 1. Do not invest 2. Investment full amount in company A with payoff of 1500 with 50% probability and Rs.0 with 50% probability. What is the maximum expected benefit out of the two options?Solution
Expected benefits = Z1/2 When he does not invest, EB= (500)1/2 = 22.36 When he does invest in A, EB = ½ (1500)1/2 + ½ (0)1/2 = ½ (38.73) = 19.36 So, Max EB = 22.36
Malice - Actions done with 'malice' have no good intention.
- Select the most appropriate ANTONYM of the given word:
Obstinate Choose the antonym of the given word.
SPORADIC
Select the word which means the same as the group of words given.
Something causing shock or dismay
Select the most appropriate synonym of the given word.
Confusion
She has a vivid imagination.
Select the most appropriate synonym of the given word.
Pessimist
The fear of dogs/rabies
A) Stationary B) Spurious C) Authentic D) Festive
...Each of the following questions consists of two words which have a relationship to each other. This is followed by four pairs of related words. Choose t...
