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13. [-17.14 Pointsi DETAILS TANFIN12 9.5.018. MY NOTES As part of their investment strategy, the Carringtons have decided to put $100,000 into stock market investments

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13. [-17.14 Pointsi DETAILS TANFIN12 9.5.018. MY NOTES As part of their investment strategy, the Carringtons have decided to put $100,000 into stock market investments and also into purchasing precious metals. The performance of the investments depends on the state of the economy in the next year. In an expanding economy, it is expected that their stock market investment will outperform their investment in precious metala, whereas an economic recession will have precisely the opposite effect. Suppose the following payoff matrix gives the expected percentage increase or decrease in the value of each investment for each state of the economy Depending Economic economy Stock market investment 30 Commodity investment 5 Determine the optimal investment strategy for the corneron investment of $100,000. (Round your answer to the newest cote stos $ commodities ( What profit can the Carringtonspect to make on the investments over the year if they use their optimal investment strategy (Round your answer to the nearesto NA TEE

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