Question: Please complete all work in excel and show formulas used 1) A financial advisor has developed a table of conditional values for the various alternatives

Please complete all work in excel and show formulas used

1) A financial advisor has developed a table of conditional values for the various alternatives (investment options) and states of nature (market conditions). states of nature (market conditions) Alternatives Good Average Poor Gold $103,000 $72,000 $33,000 Mutual Funds $156,000 $65,000 $31,000 Bond $39,000 $37,000 $25,000 If the probabilities associated with the states of nature are 0.30 for a good market, 0.60 for an average market, and 0.10 for a poor market, determine: (a) the alternative that provides the greatest expected monetary value (EMV) (15 pts) (b) the expected value of perfect information (EVPI) (10 pts)

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