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Question 2 Adrian has a certain amount of money available to invest now. Three (3) alternative investments are available. The estimated profits (RM) of each investments under each economic condition are indicated in the following payoff table: Investment Selections Event Y Z Economy Declines 9,000 1.500 -3000 No Change 0 1.500 -3000 Economy Expands 18,000 10.500 3,000 Based on Adrian past experience, the analysis shows that the probabilities to the economic condition: Probability of economy declines = 0.15 Probability of no change = 0.80 a) By Maximin criterion, which investment should Adrian consider? [2 marks] b) Compute the Expected Monetary Value (EMV) for each investment. [6 marks] c) Calculate the Expected Value of Perfect Information (EVPD). [2 marks] d) Using Return-to-Risk Ratio (RTRR), determine the best decision that Adrian should make. [5 marks]