John 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.

Decision Good (0.6) Bad (0.4)

Stock A $12,000 -$3,000

Stock B $3,500 $3,000

a. Maximax

b. Maximim

c. Equal likelihood

d. Expected value

e. what does the probability of good have to be to make the two decisions equally attractive with regard to expected value?