Assume you have a sum of money available that you would like to invest in one of the three available investment plans: stocks, bonds, or money market. The conditional payoffs of each plan under two possible economic conditions are shown below. The probability of the occurrence of economic condition I is 0.28. 
a.Compute the expected value of the three investment options. Which investment option would you select, based on the expected values?
b.Compute the expected value with perfect information (i.e., expected value under certainty).
c.Compute the expected value of perfect information (EVPI).
Definitions:
Reaction Time
The amount of time it takes to respond to a stimulus, often used as an indicator of sensory and neural processing speed.
Functional Age
An assessment of an individual's ability to perform tasks and roles expected of someone of their chronological age, often related to their physical, psychological, and social capabilities.
Reflexes
Involuntary and nearly instantaneous movements in response to a stimulus.
Gross Motor Skills
The abilities required to control the large muscles of the body for walking, jumping, balancing, and other physical activities.
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