Assume you have a sum of money available that you would like to invest in one of the two available investment plans: stocks or bonds. The conditional payoffs of each plan under two possible economic conditions are as follows. 
a.If the probability of Economic Condition I occurring is 0.8, where should you invest your money? Use the expected monetary value criterion and show your complete work.
b.Compute the expected value with perfect information about the economic conditions (expected value under certainty).
c.Determine expected value of perfect information (EVPI).
Definitions:
Disaster Risk
The potential loss or damage that could result from the interaction of natural or human-made hazards with vulnerable conditions.
Suppliers
Businesses or individuals that provide goods or services to another entity along a supply chain, playing a vital role in production and distribution processes.
Multiple Suppliers
The strategy of sourcing a particular product or service from more than one supplier to reduce supply risk.
Supply Disruption
An unexpected event that interrupts the normal flow of goods and materials in a supply chain, potentially leading to stockouts, increased costs, or delivery delays.
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