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Problem I! For the decision situation in Problem 1, the utilityIr of the smallest payoff of -$15[}, is set to [i and that of the

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Problem I! For the decision situation in Problem 1, the utilityIr of the smallest payoff of -$15[}, is set to [i and that of the largest payoff of $25, is set to 101'}. An interview process with management has resulted in utilities for the remaining payoffs that can he approximated by the following utility function: Utility of x thousand dollars = 13.?5 + 0.2): + unites):2 Use this function to determine the optimal decision and management's attitude toward risk. (Ill points}

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