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Question
Consider the following information about job opportunities for new college graduates in Megalopolis:Table 5.1
| Major | Probability of Receiving an Offer in One Year | Average Salary Offer |
| Accounting | .95 | $25,000 |
| Economics | .90 | $30,000 |
| English | .70 | $24,000 |
| Poli Sci | .60 | $18,000 |
| Mathematics | 1.00 | $21,000 |
Refer to Table 5.1. A risk-neutral individual making a decision solely on the basis of the above information would choose to major in
A) accounting.
B) economics.
C) English.
D) political science.
E) mathematics.
Answer
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