Question 15 0.8 pts B D States Decision 2 3 Crop Good Weather Bad weather Decision Soy $100000 -$30000 Corn $80000 -$10000 Potatoes $90000 -$2000 4 5 5 If Farmer Megan decided to grow Potatoes after examining the above payoff table we would suspect she was using the decision-making criterion we discussed in class. Equal Likelihood Maximax Maximin Minimax Regret Hurwicz Question 16 0.8 pts Crop Good Weather Bad weather Decision Soy $100000 -$30000 Corn $80000 - $10000 Potatoes $90000 -$2000 Assuming that Farmer Tim is a complete pessimist, which crop should he grow this year given the payoff table above? O Potatoes 1/2 a crop of Soy and 1/2 a crop of Corn 1/2 a crop of Soy and 1/2 a crop of Potatoes Soy O Corn Question 17 0.8 pts X P(X) RETURN OF BOND X=P(RETURN ON BOND) 1 0.1 0.2 2. 3 0.3 4 0.4 Totals 1 Expected Value of Bond Return The returns of investment grade bonds and their probabilities are displayed in the table above. Using this data set, the Expected Bond Return is equal to: 2.5 O 1 2.75 4