1. A financial adviser has recommended three different funds for you to invest $100,000 in. The return that will be achieved on each of these is dependent on the economy either good, fair or poor. The payoff table (decision table) is given below. From this table answer question. For the equally like criteria for decision making which fund is the best?

   Investment	Good Economy	Fair Economy	Poor Economy
   Fund A	$10,000	$2,000	-$5,000
   Fund B	$ 6,000	$4,000	0
   Fund C	$2,000	$4,500	$6,000

   		Fund A
   		Fund B
   		Fund C
   		None of the Above

1 points

QUESTION 6

1. A financial adviser has recommended three different funds for you to invest $100,000 in. The return that will be achieved on each of these is dependent on the economy either good, fair or poor. The payoff table (decision table) is given below. From this table answer question. What is the EMV (expected monetary value) of Fund A in the payoff table, if the probabilities fro the economy are 0.5 good, 0.3 fair and 0.2 poor?

   Investment	Good Economy	Fair Economy	Poor Economy
   Fund A	$10,000	$2,000	-$5,000
   Fund B	$ 6,000	$4,000	0
   Fund C	$2,000	$4,500	$6,000

   		$5,500
   		$5,000
   		$4,800
   		$4,600