Question
Cynthia decided to invest her $500,000 into only one of the following three investment choices for the year of 2024: The first one is an
Cynthia decided to invest her $500,000 into only one of the following three investment choices for the year of 2024:
The first one is an oil stock with a yearly return rate of 18%, 9%, -15%, depending on whether the future economy condition for 2024 is good, average, or poor, respectively.
The second choice is a mutual fund with a yearly return rate of 11%, 6%, 2%, depending on whether the future economic condition for 2024 is good, average, or poor, respectively.
The last one is a savings account at the local credit union. This savings account has a yearly 5.5% return rate regardless of the condition of the future economy for 2024.
An economist at the local state government office estimates the probability of a good, average, or poor future economy for 2024 to be 35%, 18%, and 47%, respectively
Question: Can you create a regret table for Cynthia?
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