Question: (20 points) Suppose you are trying to make some quick cash by fishing. It costs $45 to rent a boat and fishing supplies. The number

 (20 points) Suppose you are trying to make some quick cash

(20 points) Suppose you are trying to make some quick cash by fishing. It costs $45 to rent a boat and fishing supplies. The number of fish you will catch is a random variable which has a discrete uniform distribution with support {5,6, ...,15}. Each fish caught can be sold for $4. You can also purchase a guidebook that has a 25% chance of doubling the amount of fish you catch. How much should you pay for this guidebook (i.c., up to how many dollars would you be willing to pay)

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