the economic probabilities pj in assumptions

5-6 You are considering three investment alternatives for some spare cash: Old Reliable
Corporation stock (A1), Fly-By-Nite Air Cargo Company stock (A2), and a federally insured
savings certificate (A3). You expect the economy will either “boom” (N1) or “bust” (N2), and
you estimate that a boom is more likely (p1 = 0.6) than a bust (p2 = 0.4). Outcomes for
the three alternatives are expected to be (1) $2,000 in boom or $500 in bust for Old Reliable
Corporation; (2) $6,000 in boom, but –$5,000 (loss) in bust for Fly-By-Nite; and (3) $1,200
THE QUESTION IS
5.7 If you have no idea of the economic probabilities pj in Question 5-6, what would be your
decision based on uncertainty using (a) maximax, (b) maximin, (c) equally likely, and (d)
minimax regret assumptions? DO THIS QUESTION IN EXCEL FILE and if there are some calculations please show me your math when I click on the cells
 
Do you need a similar assignment done for you from scratch? We have qualified writers to help you. We assure you an A+ quality paper that is free from plagiarism. Order now for an Amazing Discount!Use Discount Code “Newclient” for a 15% Discount!NB: We do not resell papers. Upon ordering, we do an original paper exclusively for you.

"Is this question part of your assignment? We will write the assignment for you. click order now and get up to 40% Discount"