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 probability that the advisor predicts a Bull market and the Bull market is the actual condition p(F₁ᴖS₁₎ is ________. A)0.78 B)0.9 C)0.953 D)0.923 E)0.72

Question

Quizplus · Accepted Answer

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. The probability that the advisor predicts a Bull market and the Bull market is the actual condition p(F₁ᴖS₁₎ is ________. A)0.78 B)0.9 C)0.953 D)0.923 E)0.72

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