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0.9 0.8 weight Based on the following figure (Weighting function), please briefly explain in one or two sentences how each of the following three
0.9 0.8 weight Based on the following figure (Weighting function), please briefly explain in one or two sentences how each of the following three individuals will react to a prospect with different probabilities: Part (a): Individual x (1 mark) Part (b): Individual Y (1 mark) Part (c): Individual Z (1 mark) Part (d): Among the three individuals (X, Y, and Z), who is more likely to purchase insurance (i.e., home content insurance or building insurance)? You only need to input X, Y or Z in your answer box. (1 mark) Part (e): Please briefly explain your answer to Part (d) in less than 25 words. (1 mark) 0.7 0.6 0.5 0.4 0.3 0.2 0.1 0 0 0.2 0.4 0.6 0.8 1 X probability Z
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