Question: Problem I! For the decision situation in Problem 1, the utilityIr of the smallest payoff of -$15[}, is set to [i and that of the

 Problem I! For the decision situation in Problem 1, the utilityIr

Problem I! For the decision situation in Problem 1, the utilityIr of the smallest payoff of -$15[}, is set to [i and that of the largest payoff of $25, is set to 101'}. An interview process with management has resulted in utilities for the remaining payoffs that can he approximated by the following utility function: Utility of x thousand dollars = 13.?5 + 0.2): + unites):2 Use this function to determine the optimal decision and management's attitude toward risk. (Ill points}

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