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Imagine that you are able to hire an analyst who has experience to tell you what type of market condition you might be able to
Imagine that you are able to hire an analyst who has experience to tell you what type of market condition you might be able to anticipate in the future. The analyst suggests that Market Condition A will occur with half of the chance of Market Condition B, and Market Condition C will be two and a half times that of Market Condition B. What is the expected opportunity loss (EOL)? Show your work. (8 Points)
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