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Denote the square root of x

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Reference no: EM132491986

Carol's utility function is U = VM, where M is her money. She has $100. She is offered a gamble in which she could win $44 with probability P and lose $19 with probability 1 - P. How high must P be for Carol to accept the gamble? Show your work, use sqrt(x) to denote the square root of X.

Reference no: EM132491986

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