(Answered) The following utility function is provided for changes in assets (i.e., x = change in monetary…

The following utility function is provided for changes in assets (i.e., x = change in monetary payoffs).
u(x) = 1 – e
-x/100
for -1000 ≤ x ≤ 1000
Determine if the decision maker should take a bet in which they will win $100 with probability p and $50 with probability (1-p).
p = 1/2
p = 2/3