Question: need help with question by using Excel Questions No. 2: Debbie Gibson is considering three investment options for a small inheritance that she has just

need help with question by using Excel Questionsneed help with question by using Excel

Questions No. 2: Debbie Gibson is considering three investment options for a small inheritance that she has just receivedstocks, bonds, and money market. The return on her investment will depend on the performance of the economy, which can be strong, average, or weak. The returns for each possible combination are shown in the following table: hy the eng with per tender My Achat how the How many po hold write hould she melike many Gh im w Wha win 19 Assume that Debbie will choose only one of the investment options. (a) Which investment should Debbie choose if she uses the maximax criterion? (b) Which investment should Debbie choose if she uses the maximin criterion? (c) Which investment should Debbie choose if she uses the equally likely criterion? (d) Which investment should Debbie choose if she uses the criterion of realism with a = 0.5? (e) Which investment should Debbie choose if she uses the minimax regret criterion? (1) After reading about economic predictions, Debbie Gibson has assigned the probability that the economy will be strong, average, and weak at 0.2, 0.35, and 0.45, respectively. Using EMVs, what option should Debbie choose? What is the maximum EMV

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