Jim Sellers (see Problem 40) has been able to estimate his utility for a number of different… 1 answer below »

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Jim Sellers (see Problem 40) has been able to estimate his utility for a number of different values, and he would like to use these utility values in making his decision. The utility values are  

(a) Solve Problem 40(a) again using utility values.

(b) Is Jim a risk avoider or risk seeker? Justify your answer.