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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: STATE OF NATURE DECISION GOOD POOR ALTERNATIVE ECONOMY ECONOMY Stock market 80,000 -20,000 Bonds 30,000 20,000 CDs 23,000 23,000 Probability 0.5 0.5 (a) What decision would maximize expected profits? (b) What is the maximum amount that should be paid for a perfect forecast of the economy