Question: Using Excel Spreadsheet and formulas for this problem (make sure cell references are unique to your table). Provide all techniques practiced previously: five (5) techniques

Using Excel Spreadsheet and formulas for this problem (make sure cell references are unique to your table). Provide all techniques practiced previously: five (5) techniques for Decisions Making under Uncertainty, EMV, EOL, and EVPI. Use the attached Excel spreadsheet example (file name EXCEL Example 3-Spreadsheet for Decision Theory with All Formulas). Use = 0.7 for the Hurwicz. Submit the answers (on a separate sheet/tab) in the same Excel file with questions 4-5.

STATE OF NATURE

DECISION ALTERNATIVE

GOOD ECONOMY

POOR ECONOMY

Sotck market

80,000

-20,000

Bonds

30,000

20,000

CDs

23,000

23,000

Probability

0.5

0.5

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