Please answer all parts, including the bonus part.

Please show all steps, thank you.

A student already has an offer of employment. She must now decide between three possible courses of action: a] To visit another potential employer in the UK for further interviews. She views the 11'me and effort of doing so as having a cost of 1000, which will be incurred whether _t_:-_r_ not she takes a job with this employer. If the employer oers her a position, this would be viewed as a benet worth 10000 [from which the 1000 cost must be subtracted]. Otherwise, her time and effort would have been wasted. To visit another potential employer overseas for further interviews. She views the 1i1ne and effort of doing so as having a cost of 3000, which will be incurred whether _t_:-_r_ pot she takes a job with this employer. If the employer offers her a position, this would be viewed as a benet worth 30000 [from which the 3000 oost must be subtracted]. Otherwise, her time and effort would have been wasted. To accept the original m attend no further interviews. Set up the payoff table for the student's decisionmelting problem. b] Suppose the student believes that the probability is p=0.2 that she will be offered a better position with the UK company, and the probability is q=0.05 that she will be offered a better position with the overseas company. Using the expected value criterion, advise the student. Give possible alternative values for p and q that will lead to a different outcome to the student's decision problem. [For a bonus mark, nd conditions on p and q which will enable the student to choose her optimal strategy]