Ray Crofford Is Evaluating Investment Alternatives for the $100,000 Which

Multiple Choice

Ray Crofford is evaluating investment alternatives for the $100,000 which he inherited from his grandfather. His investment advisor has identified two alternatives and constructed the following tables which show (1) expected profits (in $10,000's) for various market conditions and their probabilities,and (2) the advisor's track record on predicting Bull and Bear markets. The EMV of this investment opportunity with the advisor's prediction is ________.

A) $167,379
B) $174,200
C) $153,900
D) $136,700
E) $140,011