document.write( "Question 869776: an investor plans to put rm50000 in one of four investments. the return on each investment depends on whether next year's economy is strong or weak. table 3 summarizes the payoffs(in rm) for the four investment.
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\n" ); document.write( "let v, w, x, and y denote the payoffs for the certificate of deposit, office complex, land speculation, and technical school, respectively. then v,w,x,and y are random variables. assume that next year's economy has 40% a chance of being strong a 60% chance of being weak. which investment would you suggest for the investor? justify your answer?
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Algebra.Com's Answer #524437 by ewatrrr(24785) $\"\"$ $\"About$

You can put this solution on YOUR website!


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document.write( "Hi
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document.write( "investment                  strong         weak
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document.write( "certificate of deposit      6000           6000
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document.write( "office complex              15000          5000
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document.write( "land speculation            33000         -17000
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document.write( "technical school            5500            
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document.write( "let v, w, x, and y denote the payoffs for the certificate of deposit, office complex, 
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document.write( "land speculation, and technical school, respectively. then v,w,x,and y are random variables. 
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document.write( "assume that next year's economy has 40% a chance of being strong, a 60% chance of being weak. 
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document.write( "which investment would you suggest for the investor? 
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document.write( "technical school has a record of a great return in weak economy
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