(a) If the probability that the rezoning will be approved is 0.5, what decision is recommended? purchase do not purchase What is the expected profit (in dollars)? $ (b) The investor can purchase an option to buy the land. Under the option, the investor maintains Let H= High resistance to rezoning L= Low resistance to rezoning P(H)=0.45P(L)=0.55P(s1H)=0.17P(s1L)=0.77P(s2H)=0.83P(s2L)=0.23 (a) If the probability that the rezoning will be approved is 0.5, what decision is recommended? purchase do not purchase What is the expected profit (in dollars)? $ (b) The investor can purchase an option to buy the land. Under the option, the investor maintains Let H= High resistance to rezoning L= Low resistance to rezoning P(H)=0.45P(L)=0.55P(s1H)=0.17P(s1L)=0.77P(s2H)=0.83P(s2L)=0.23