(Answered) Question risk odds wendy adheres to the delta property and

Statistics

Question: Risk odds: Wendy adheres to the delta property and has risk odds of 2:1 for a deal where she could win or lose $100.

a. What are her risk odds for a deal where she could win or lose $50?

b. What is her preference probability for 0 when the best and worst prospects are winning and losing $1000?

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