Brenda 's Choice Case Study - Management Assignment Help
Assignment Task:
Task:
Brenda 's Choice
Brenda has got 525000 ow of the will of her uncle who recentfi, died This is an unexpected income for Brenda. Her mother ads ised her not to spend It now but to keep it for the future. Brenda is a 'Cr' Intros ert person. She alu \ • has a outlook for eser)thing She never bought a loner ticket because she thinks she would never gel a price. It doesn't how es er mean that she would never senture Into risks.
Brenda asked Linda, a friend of her who is a hanker about the Naas of keeping the mone? Inc at least a sear Linda Cana, up with four choices, keeping the r111 ? in the bank. insesting in the stock market, ins esfing in bond market, and one-sung in current:. market. Linda warned Brenda that in case of ins estments the returns are risk>. It may turn out to he good or bad depending on market situation The market can he sec) good. good or Umpl? bad in which case she esen base to incur losses
Linda also made a pas ot t table for Brenda so that she could decide easel!. She also promised to find the probabilities of market conditions.
The payoff tables as
Chokes Pridit at the end of the seal Vent good Good Bad Ins est in Stock Market 55.000 S3.501) S500 Ins est in Bond Market 53.500 52.451.1 -SI25 Ins est in ('unene, Market $2.500 S I .750 $375 Neap in the Bank $1.150 51.250 51250
Question
I What would he Brenda's decision?
2. Brenda's mother asked her to decide in such a way that she doesn't base to regret %ay much at the end of the sear. How would Brenda decide now?
3. On the nest du! Linda came up with the probabilities of the market condition. The probabilities that the market would he ser) good, good, or had are 0.40. 0.35. and 0.25. Will this information change Brenda's decision?
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