18 -5 3. (20%) The following decision evaluation matrix gives the expected rate of (percentage) return for three investment decisions and three levels of market potentials. Decision Hypothesis Up (0.3) Flat (0.5) Down (0.2) High Risk 9 -12 Low Risk 10 7 Money Market 3 3 3 Determine the best investment strategy (a) Based on Laplace rule under uncertainty (b) Based on most probable future with the given probabilities for each level (c) Based on Hurwicz rule with a=0.5 (d) Based on Expected Value (e) For a very conservative decision maker, which decision should be made? 18 -5 3. (20%) The following decision evaluation matrix gives the expected rate of (percentage) return for three investment decisions and three levels of market potentials. Decision Hypothesis Up (0.3) Flat (0.5) Down (0.2) High Risk 9 -12 Low Risk 10 7 Money Market 3 3 3 Determine the best investment strategy (a) Based on Laplace rule under uncertainty (b) Based on most probable future with the given probabilities for each level (c) Based on Hurwicz rule with a=0.5 (d) Based on Expected Value (e) For a very conservative decision maker, which decision should be made