Exhibit 14.10
The following questions are based on the information below.
An investor is considering 4 investments, W, X, Y, and Z. The payoff from each investment is a function of the economic climate over the next 2 years. The economy can expand or decline. The following payoff matrix has been developed for the decision problem. The investor has estimated the probability of a declining economy at 80% and an expanding economy at 20%. 
-Refer to Exhibit 14.10. Complete the Regret Table according to the expected regret decision rule.
Definitions:
Rounded Off
The process of adjusting a number to the nearest value, often to make it simpler or more comprehensible.
Quantitative Information
Data that can be measured or counted and expressed numerically, facilitating statistical analysis and comparisons.
Comparisons
The evaluation of similarities and differences between two or more items.
Line Chart
A type of chart that displays information as a series of data points connected by straight line segments.
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