Question: What is the optimal decision based on the Optimistic approach? Question 1 options: New job Current job None of the answers provided is correct. Strong

 What is the optimal decision based on the Optimistic approach? QuestionWhat is the optimal decision based on the Optimistic approach?

Question 1 options:

New job
Current job
None of the answers provided is correct.
Strong Economy
Weak Economy

Hugh is considering transitioning to a new job next year. He will either keep his current job which pays a net income of $70,000 or switch to a new job. If he changes jobs, his net income will vary depending on the state of the economy. He estimates that the economy will be Strong with 30% chance ( $85,000 net income), Average with 30% chance ($74,000 net income), or Weak with 40% chance ($63,000 net income)

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