Question: rule? (.5 points) d. What decision should you make according to the expected value decision rule? Please show your colculations. {1 point] f. If Christina

 rule? (.5 points) d. What decision should you make according to

rule? (.5 points) d. What decision should you make according to the expected value decision rule? Please show your colculations. {1 point] f. If Christina can hire a consultant to perfectly predict the economic dimate before she decides what to do, what is the most that she should be willing to pay the consultant? Show your coleulations. (1 point) Hint: For this formula, see Lecture 2.2, slides 1F-1E}. Make a strategy table of what decision she should make as you change her annual salary in a strong economy for a restaurant job from $100,000 to $120,000 in increments of $10,000, and as you change the probability of a strong economy from 45% to 65% in increments of 10 percentage points. Assume her objective is to maximise the expected value of her salary

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