Using the following payoff table, use the Decision Making Under Risk Techniques and the following probabilities to determine which of the following investments the local real estate invester should invest in$,$ using the following probabilities: $p=0\mathrm{.}30$ for a Shortage, $p=0\mathrm{.}50$ for a Stable Supply, and $p=0\mathrm{.}20$ for a Surplus.

Calculate the EMV, EOL, and EV w$/$PI$.$

If the investor looking at spending $$5,000$ to do market research. Is the market research worth the cost??? Why??

Explain vour answer in a textbox to the right of the question.

$\backslash$table$[[$Expected Mon,etary Valu,,,$],[,$STAI,ES OF NA$,$IURE,$],[$Investment$,$Shortage,$\backslash$table$[[$Stable$],[$Supply$]],$Surplus,EMV