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    Statistics
  3. Study Set
    Statistical Techniques
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    Exam 20: An Introduction to Decision Theory
  5. Question
    You Have a Decision to Invest $10,000 in Any of Four
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You Have a Decision to Invest $10,000 in Any of Four

Question 2

Question 2

Short Answer

You have a decision to invest $10,000 in any of four different companies.You estimate that the probabilities that the economy will be favorable or unfavorable, and you estimate the percent returns over the next year. You have a decision to invest $10,000 in any of four different companies.You estimate that the probabilities that the economy will be favorable or unfavorable, and you estimate the percent returns over the next year.   What is the maximin choice? What is the maximin choice?

Correct Answer:

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