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?

Q: Suppose that X, Y, and Z are jointly distributed random variables, that is, they are defined on the…

A: Since, you have you have posted a question with multiple subparts we will solve first three subparts…

Q: ntegers as: x Ry +x and y have the same remainder when divided by the integer a is an equivalence…

A:

Q: e. lim f(1) f. lim f(r) 2 g. lim f(1)

A: e) -1+ is greater than -1, so we will take the second piece of the function

Q: Sample Count Sample Proportion Color Red 9. Brown Yellow 6. Green 10 Orange 12 Blue 9. Total 54…

A: Sample proportion for each color can be calculated as follows:

Q: Calculate the limit algebraically: x³ + 8 lim x→-2 x² + 7x + 10

A: Consider the given expression, If we substitute  in the expression we get  form. so, use L-hospital…

Q: I need help

A:

Q: help ?

A: Since you have posted a question with multiple sub-parts, we will solve only first three sub-parts…

Q: Please help

A: Step 1:For a triathlete as well as it was loosely more expedient to aim for a balanced level of…

Q: help me please

A: Given  12 + 22 + 32 + ⋅ ⋅ ⋅ + n2 = n(n+1)(2n+1)6Step 1   P(1) is true             P(1) = I2 = 1   ⇒…

Q: a thousand men in a cohort for which prostate cancer prevalence is 2.2%. The test we're using for…

A: Given: B+ denotes prostate cancer, B- denotes no prostate cancer,  T+ denotes positive result, T-…

Q: I need help

A: Given: 1. AB¯ has coordinates A-3,9 and B6,-12. 2. PQ¯ has coordinates P3,-6 and Q3,9.  To Find: 1.…