Question: Maximum Equal likelihood Expected value Create a sensitivity graph comparing the different alternatives as the probability of success changes. John has to determine which stock

 Maximum Equal likelihood Expected value Create a sensitivity graph comparing the

Maximum Equal likelihood Expected value Create a sensitivity graph comparing the different alternatives as the probability of success changes. John has to determine which stock he should invert in: stock A or stock B. The economic conditions, good and poor, will determine the profit and loss from his investment. Construct an Excel spreadsheet to compute the expected value for each decision and select the best one. Using the spreadsheet find the best decisions for the following: Maximal Maximin Equal likelihood Expected value What does the probability of good have to be to make the two decisions equally attractive with regard to expected value

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