6) For the payoff table below, the decision maker will use P(s1) = .15, P($2) = .5, and P(s3) =35 S1 57 d -5000 1000 10,000 d2 -15,000 -2000 40,000 Requested: a. What alternative would be chosen according to expected value? b. For a lottery having a payoff of 40,000 with probability p and -15,000 with probability (1-p), the decision maker expressed the following indifference probabilities. Payoff Probability 10,000 85 1000 60 -2000 53 -5000 50 Let U(40,000) = 10 and U(-15,000) = 0 and find the utility value for each payoff. c. What alternative would be chosen according to expected utility? Page 6 of 9