Questions 13-15 are based on the following information Suppose Kim is deciding whether to open a gym or a diner. Her friend Tim, who is a finance expert, advised that there is a 45% chance that the gym will be successful and return a payoff of $55000 and a 55% chance that it will fail and lose $9500. Tim also advised that there is an 80% chance that the diner will be successful with a payoff of $30000 and a 20% chance of failure with a loss of $6000. 13) What is the expected payoff for the gym? a) 18000 b) 16525 c) 19555 d) 19525 14) What is the expected payoff for the diner? a) 22080 b) 22800 c) 16520 d) 19875 15) Kim's brother, Scott suggested that Kim open the diner since she is guaranteed make more money than the gym. Scott is: a) Correct b) Incorrect c) Confused d) Sceptical