Derek is trying to plan his activities for today, and also has an important midterm tomorrow. He has three alternatives: 1) drive up to San Francisco (SF) to attend a concert, 2) drive down to San Jose (SJ) to have dinner with his family, or 3) study at Stanford. His choice of activities depends on his probability p that he will get an A on the midterm. Derek's Certain Equivalent (CE) values as a function of p is shown below: Certain equivalent sensitivity to probability p - Concert in SF - Family dinner in SJ - Study at Stanford $400 $350 $300 $200 Certain equivalent (CE) $100 $0 0.00 0.25 0.50 0.75 1.00 Probability of getting A on midterm (p) Consider the following statements: I. If Derek believes p