A person is trying to decide if they should buy a lottery ticket. The ticket costs $2.00. If the ticket is a winner, the prize would be $1,000. Knowing that winning $1,000 is not a certain outcome (state of nature) , the person finds that the probability of winning is 0.001. Based on this information, the following payoff table can be constructed: 
Based on the expected monetary value of buying a ticket, what is the best decision?
Definitions:
Acceptable Name
A valid chemical name that conforms to the rules set by the International Union of Pure and Applied Chemistry (IUPAC).
Compound
A compound is a substance made up of two or more different elements chemically bonded together in fixed proportions.
NMR Spectrum
A representation of the resonance frequencies of nuclei in a magnetic field, providing detailed information about the structure of molecules.
Peaks
The highest points or maxima, often used in the context of graphs (e.g., absorption peaks in spectroscopy).
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