6)  For the payoff table below, the decision maker will use P(s1) = .15, P(s2) = .5, and P(s3) = .35.   S1 S2 S3 D1 -5000 1000 10,000 D2 -15,000 -2000 40,000   What alternative would be chosen according to expected value?

6)  For the payoff table below, the decision maker will use P(s1) = .15, P(s2) = .5, and P(s3) =
.35.

1. 
   
   What alternative would be chosen according to expected value?
   b. For a lottery having a payoff of 40,000 with probability p and -15,000 with
   probability (1-p), the decision maker expressed the following indifference
   probabilities.

Payoff                                   Probability
10,000                                    .85
1000                                        .60
-2000                                      .53
-5000                                      .50

Let U(40,000) = 10 and U(-15,000) = 0 and find the utility value for each payoff.

c. What alternative would be chosen according to expected utility?