Please do question 1.5 D. And only that

ng bananas is u preious one ($0.20, so.1O, and s hot affected by how many pieces of candy you ell l vice versa. is the set S1.25f possible actions you can take given your budget or $1.25? ecision tree that is associated with this decision problem Should you spend all your money with a rational choice argument. c. all your money at the cafeteria? Justify your an Now imagine that the price of a piecr many possible the price of a piece of candy increases to S0.30 e actions do you have? Does your answer to () change d. Recall the example in which you needed to gine that your payoff function is given by ea 14 Alcohol Consumption: Recall the examp -4a2 how much to drink. where o is a parameter that depends on your physique, Every person may have a ditferent value of , and it is known that in the population (1) the smallest your is 0.2; (2 ) the largest is 6; and (3) larger people have higher s than small people. aCan you find an amount that no person should drink? How much should you drink if your =1?If =4? 2 7 c. Show that in general smaller people should drink less than Should any person drink more than one 1-liter bottle of wine? people. d. 1.5 Buying a Car: You plan on buying a used car. You have $12,000, and yu not eligible for any loans. The prices of available cars on the lot are follows: Make, model, and year Toyota Corolla 2002 Toyota Camry 2001 Buick LeSabre 2001 Price $9,350 10,500 8,825 Honda Civic 2000 Subaru Impreza 2000 9.215 9,690