Utility a fishing site = 8 + -0.75*CostofTraveltoSite + 2.5*ExpFishCatch Expected Expected Probability Probability Distance Distance Fish Catch Fish Catch Utility Utility of visit to of visit to Observation FisherID to Site 1 to Site 2 Site1 Site 2 Site 1 Site 2 Site 1 Site 2 F1104 28 24 3 -5.5 -2.5 0.047 0.953 F2207 32 42 -6.0 -11.0 0.993 0.007 F3310 8 32 14.5 6.0 1.000 0.000 F4413 6 21 8.5 2.3 0.998 0.002 F5516 20 24 8.0 7.5 0.623 0.378 F6619 9 15 HEUNWANUA 8.8 6.8 0.881 0.119 F7722 16 4 -1.5 10.0 0.000 1.000 HNONAN F8825 13 16 10.8 11.0 0.438 0.562 9 F9928 18 20 -3.0 -2.0 0.269 0.731 10 F11031 12 16 1.5 -1.5 0.953 0.047 b) What is the dollar value (or part-worth) of a single fish according to the estimated utility function above? In other words, at what rate would a fisher trade off fish for money according? c) Suppose the sample of 10 fishers in our table is representative of the bigger population of fishers who are likely to visit one or both of these sites. Which site would we expect to attract a bigger portion of the population of fishers targeting the two sites? Explain your