The ________ the utilities from each possible outcome of a situation weighted by the probability of that outcome is called expected utility.

A) sum of
B) difference in
C) change in
D) product of

Question

The ________ the utilities from each possible outcome of a situation weighted by the probability of that outcome is called expected utility.A)  sum ofB)  difference inC)  change inD)  product of

Vasilena Stoyanova · Accepted Answer

Final Answer : A, Explanation :  The expected utility is calculated by taking the sum of the utilities from each possible outcome of a situation, each weighted by the probability of that outcome occurring.

The ________ the utilities from each possible outcome of a situation weighted by the probability of that outcome is called expected utility.

A) sum of
B) difference in
C) change in
D) product of

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