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: If the advisor predicts a Bull market,the revised probability of a Bull market,P (S₁|F₁),is ___. A)0.877 B)0.894 C)0.953 D)0.923 E)1.000

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The Answer of 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: If the advisor predicts a Bull market,the revised probability of a Bull market,P (S₁|F₁),is ___. A)0.877 B)0.894 C)0.953 D)0.923 E)1.000

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