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Exhibit 14.1 The Following Questions Are Based on the Information Below

Question 34

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Exhibit 14.1
The following questions are based on the information below.
An investor is considering 4 investments, A, B, C and leaving his money in the bank. The payoff from each investment is a function of the economic climate over the next 2 years. The economy can expand or decline. The following payoff matrix has been developed for the decision problem. Exhibit 14.1 The following questions are based on the information below. An investor is considering 4 investments, A, B, C and leaving his money in the bank. The payoff from each investment is a function of the economic climate over the next 2 years. The economy can expand or decline. The following payoff matrix has been developed for the decision problem.   -In a graphical representation of decision trees the event nodes are represented by A)  squares B)  circles C)  solid dots D)  ovals
-In a graphical representation of decision trees the event nodes are represented by


A) squares
B) circles
C) solid dots
D) ovals

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