Question: Market Probability Good 40% Fair 30% Poor 30% Expected Return Open 1 Open 2 Do nothing 380 200 0 70 80 0 -400 -200 0

Market Probability Good 40% Fair 30% Poor 30% Expected Return Open 1 Open 2 Do nothing 380 200 0 70 80 0 -400 -200 0 53 44 0 Hence Open 1 should be choosen

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