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你好,请问这个concave和convex utility function怎么理解。Concave是涨少跌多,convex是涨多跌少,那么对风险厌恶的人来说,随着财富增加什么东西减少?同理convex是风险寻求者,那么随着财富增加什么东西增加?
10 State the approximate probability that a normal random variable will fall within the following intervals: A Mean plus or minus one standard deviation. B Mean plus or minus two standard deviations. C Mean plus or minus three standard deviations. 老师,没搞明白是啥意思
已回答You are forecasting sales for a company in the fourth quarter of its fiscal year. Your low- end estimate of sales is €14 million, and your high- end estimate is €15 million. You decide to treat all outcomes for sales between these two values as equally likely, using a continuous uniform distribution. A What is the expected value of sales for the fourth quarter? B What is the probability that fourth- quarter sales will be less than or equal to €14,125,000?
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