Question: Question 3. Phil and Jane, and their son Dylan, have $10,000 in savings which they would like to invest. Phil wants to use the money

Question 3. Phil and Jane, and their son Dylan, have $10,000 in savings which they would like to invest. Phil wants to use the money to open a diner although he has only a 30% chance of getting the same returns as Jane who prefers investing the money in Treasury bills. Jane prefers to invest in T-bills since they are less risky. Their son, Dylan, is indifferent between the diner and Treasury bills as long as he gets a new car. How would you represent their preferences towards risk and return on an indifference map

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