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Determine Decision Strategies Based on Expected Value and on Expected

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Determine decision strategies based on expected value and on expected utility for this decision tree.Use the utility function
 Payoff  Indifference Probability 5001.00350.89300.84180.60100.4340.2020.1300\begin{array} { c c } \text { Payoff } & \text { Indifference Probability } \\500 & 1.00 \\350 & .89 \\300 & .84 \\180 & .60 \\100 & .43 \\40 & .20 \\20 & .13 \\0 & 0\end{array} Determine decision strategies based on expected value and on expected utility for this decision tree.Use the utility function \begin{array} { c c } \text { Payoff } & \text { Indifference Probability } \\ 500 & 1.00 \\ 350 & .89 \\ 300 & .84 \\ 180 & .60 \\ 100 & .43 \\ 40 & .20 \\ 20 & .13 \\ 0 & 0 \end{array}

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Let U(500)= 1 and U(0)= 0.Then
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