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1 . Individual Problems 1?2 You're a contestant on a TV game show. In the nal round of the game, if contestants answer a question correcdy. they will increase their current winnings of $2 million to $5 million. If they are wrong, their prize is decreased to $1,500,000. You believe you have a 25% chance of answering the qu estio n correctly. Ignoring your current winnings. your expected payoff from playing the nal round of the game show is . Given that this is v , you v play the nal round of the game. (Hint: Enter a negative sign if the expected payoff is negative.) The lowest probability of a correct guess that would make the guessing in the nal round protable (in expected value) is V . (Hint: At Continue without saving what probability does playing the nal round yield an expected value of zero?)