Question: Department Question (2): [6 marks] Karama Abdullah eats lunch at a local restaurant two or three times a week. In selecting a restaurant, he can

Department Question (2): [6 marks] Karama
Department Question (2): [6 marks] Karama Abdullah eats lunch at a local restaurant two or three times a week. In selecting a restaurant, he can go to the nearest restaurant where the food quality and price are known. He can buy food by a fixed $30. He can drive few kilometers having national food in the city restaurant. The food quality of the city restaurant can be varied from low, moderate, and best with probabilities u, v, and 1-(u+v) and the cost of food can also be varied from $10, $25, and $40 respectively along with a fixed $5 driving cost. a) Write the EMV equations for both options. b) Find strategically best saving region for Karama to have his lunch

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