Mathematics, 12.10.2019 00:30 winstonbendariovvygn

Suppose that a business is considering two strategies: buy or sell. if economic conditions improve, then the strategies will return, respectively, 10% and 6%. if economic conditions remain unchanged, then the strategies will return, respectively, 1% and 2%. if economic conditions collapse, then the strategies will return, respectively, -8% and -3%. if the probability of improved economic conditions is 80%, then the buy strategy would be evaluated based on its expected value of

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