D Question 4 Prospect Z - ($3,0.25: $11,0.50: $24,0.25) If Anna's utility of wealth function is given by u (x) = Vx, what is the value of EU(Z) for Anna? (In other words, what is Anna's expected...

Extracted text: D Question 4 Prospect Z - ($3,0.25: $11,0.50: $24,0.25) If Anna's utility of wealth function is given by u (x) = Vx, what is the value of EU(Z) for Anna? (In other words, what is Anna's expected utility from prospect Z?) (Note: The answer may not be a whole number; please round to the nearest hundredth) (Note: The numbers may change between questions, so read carefully) Question 5 Prospect X= ($7, 0.11: $18. 0.06: $24, 0.1: $36, p) What is the expected value of prospect X? (Hint 1: To answer this question, you'll need to first determine the value of "p"). (Hint 2: To determine "p", remember that probabilities sum to 1). (Note: The answer may not be a whole number; please round to the nearest hundredth) (Note: The numbers may change between questions, so read carefully)