Question: Consider Bob's decision problem: Sunny Cloudy Rainy Beach 2 3 2 Park 3 3 2 Mall 2 3 4 Suppose the probability of Sunny is

 Consider Bob's decision problem: Sunny Cloudy Rainy Beach 2 3 2

Consider Bob's decision problem: Sunny Cloudy Rainy Beach 2 3 2 Park 3 3 2 Mall 2 3 4 Suppose the probability of Sunny is 0.1, the probability of Cloudy is p and the probability of Rainy is 1 - 0.1 - p. What is the largest value of p for which Mall maximises Bob's expected utility (that is, Mall is at least the equalbest choice)? Round your answer to two decimal places (eg. 0.55)

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