PLEASE SHOW FULL WORK I WANT TO BE ABLE TO LEARN IT$\mathrm{.}3-20$ Mickey Lawson is considering investing some money that he inherited. The following payoff ta$-$

ble gives the profits that would be realized during

the next year for each of three investment alterna$-$

tives Mickey is considering:

$3-21$ Develop an opportunity loss table for the investment

problem that Mickey Lawson $$aces in Problem $3-20.$

What decision would minimize the expected oppor$-$

tunity loss? What is the minimum EOL?

$($a$)$ What decision would maximize expected

profits? $=($S $)$ Good $(.$S$)$ Bed E qual Liklineod

Based upon results, he would choos

e$.$