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Problem 1 . Questions 1 , 2 , 3 , 4 , and 5 You have a truck food and 2 options to set your

Problem
1
.
Questions
1
,
2
,
3
,
4
,
and
5
You have a truck food and
2
options to set your truck for the day: near the stadium or
downtown. The problem is that there is some kind of event in the stadium, but you are
unsure if it is a music event or a sports event. Looking at your records, for a sports
event, it is better to stay near the stadium since you get around
1000
benefits while in
the downtown you will get around
300
.
For music events, it is better to stay in the
downtown since you benefits are around
800
while near the stadium is only
400
.
In addition, you recall past events in the stadium and the musical event are rarer, since
70
%
of the time it is a sports event.
Another option is to check early which kind of people are around the stadium before the
event. If the event was music, the people will be younger than usual
80
%
of the time. If
the event is sports, the people will be older than usual
70
%
of the time.
What is the difference of expected benefits with and without checking?
a. Equal or bigger than 0, lower than 20
b. Equal or bigger than 20, lower than 50
c. Equal or bigger than 50, lower than 100
d. Equal or bigger than 100

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