Question: a . What decision would maximize expected profits? b . What is the maximum amount that should be paid for a perfect forecast of the

a. What decision would maximize expected profits?
b. What is the maximum amount that should be paid for a perfect forecast of the economy?
\table[[,STATE OF NATURE],[DECISION ALTERNATIVE,GOOD ECONOMY,POOR ECONOMY],[Stock market,80,000,-20,000
a. What decision would maximize expected profits? b. What is the

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