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What is the optimal decision based on the Pessimistic approach? Question 2 options: Strong Economy Current job New job None of the answers provided is

image text in transcribedWhat is the optimal decision based on the Pessimistic approach?

Question 2 options:

Strong Economy
Current job
New job
None of the answers provided is correct.
Weak Economy
Hugh is considering transitioning to a new job next year. He will either keep his current job which pays a net income of $70,000 or switch to a new job. If he changes jobs, his net income will vary depending on the state of the economy. He estimates that the economy will be Strong with 30% chance ( $85,000 net income), Average with 30% chance ($74,000 net income), or Weak with 40% chance ($63,000 net income)

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