3. (5 points) You wish to hire Bob to manage your Alberta operations for your company. The prots from the operations depend partially on how hard Ron works. Probabilities Prot = $5,000 Prot = $60,000 Lazy 70% 30% Hardworker 20% 80% If Bob is lazy, he will surf the Internet all day and he views this as a zero cost opportunity. However, Bob views working hard as a \"personal cost\" valued at $1000. What xed percentage of prots should you offer Bob for him to work hard? Assume Bob only cares about his expected payment less any \"personal cost