Nick Has Plans to Open Some Pizza Restaurants,but He Is

Multiple Choice

Nick has plans to open some pizza restaurants,but he is not sure how many to open.He has prepared a payoff table to help analyze the situation. Nick believes there is a 40 percent chance that the market will be good,a 30 percent chance that it will be fair,and a 30 percent chance that it will be poor.A market research firm will analyze market conditions and will provide a perfect forecast (they provide a money back guarantee) .What is the most that should be paid for this forecast?

A) $ 44,000
B) $ 53,000
C) $123,000
D) $176,000
E) $132,000