Question: (a) Redo Example 2, changing (alpha) to .5 . (b) Redo Example 2, changing (alpha) to .95 . (c) What happens to the solution (W(1))

(a) Redo Example 2, changing $\alpha$ to .5 .

(b) Redo Example 2, changing $\alpha$ to .95 .

(c) What happens to the solution $W(1)$ of the dynamic programming equation as $\alpha \longrightarrow 1$ ? Why is this result intuitively obvious?

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