You must choose between $4.00 or the following gamble: 25% chance of winning $9.00 and 75% chance of winning $1.00. a. If you like risk, so U(x)=x, i. What is the utility of $4.00 ? ii. What is the utility of the gamble? iii. What is the CE? iv. Should you accept or reject the gamble? Explain. b. If you are risk averse, i. What is the utility of $4.00 ? ii. What is the utility of the gamble? iii. What is the CE? iv. Should you accept or reject the gamble? Explain