*** Due at midnight tonight! Please help!***

Safari File Edit View History Bookmarks Develop Window Help 0..

Safari File Edit View iOtory Bookrnarki a webassign.net how Objectives I-S Videos-2, Spring 2022 Mathematics 13. [-17.14 Points) DETAILS TANFIN12 9.5.018. (27) YouTube W" Exercise Set Math 123, section IS - Wooden, Sprhg to floure out If i matril favors a player - 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 or 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 metals, 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 cach state of the economy. Expanding Economic economy recession Stock market investment -10 30 25 Commodity investment 20 (a) Determine the optimal investment strategy for the Carringtons investment of $100,000. (Round your answers to the nearest dollar.) stocks commodities $ (b) What profit can the Carringtons expect to make on their investments over the year if they use their optimal investment strategy? (Round your answer to the nearest dollar.)