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3) Raymond has to determine which stock he should invest in: stock A or stock B. The economic conditions good and poor, will determine the
3) Raymond has to determine which stock he should invest in: stock A or stock B. The economic conditions good and poor, will determine the profit and loss from his investment. Construct an Excel spreadsheet to compute the expected value for each decision and select the best one. a) Maximax. b) Maximin. c) Equal likely. d) Expected value. e) What does the probability of "good" have to be to make the two decisions equally attractive with regards to expected value
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