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5. Continue with the problem of opening a new restaurant facing the COVID-19 risk. Suppose your utility U in this problem scenario is determined by

image text in transcribed 5. Continue with the problem of opening a new restaurant facing the COVID-19 risk. Suppose your utility U in this problem scenario is determined by both exposure to the COVID-19 Risk and revenue generation. Further assume that the variable r takes the possible values of high, above average, average, below average, or low; the variable e takes the possible values of Low, Medium, or High. Moreover, the least preferred alternative is not opening the restaurant. Follow the example given in Assigning Utility by Rules, first determine your PPs for each of the possible combinations of e and r. Then, decide your PISPs for the combinations. List all the possible er combinations and their corresponding PPs and PISPs in a table like Table 1 in Assigning Utility by Rules. Insert the table below

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