Poor Fund one Fund two Fund three 0.2 50,000 25,000 40,000 Moderate 0.6 75,000 50,000 60,000 Excellent 0.2 100,000 150,000 175,000 The general partners of Pension Raiders in Problem 1 want to conduct a survey of independent money managers to find out if the managers believe the economic climate in the upcoming year will be favorable (11) or unfavorable (12). The staff of the Research Department estimates that the survey would cost $5,000. The staff also believes that if the Dow Jones performance will be poor, the likelihood of the survey resulting in Ii is 10%. If the Dow Jones performance will be moderate, indicator Ii is likely to occur 50% of the time. If the Dow Jones performance will be excellent, the probability of getting indicator Ii is 80%. Determine whether or not the survey should be conducted and at what cost Poor Fund one Fund two Fund three 0.2 50,000 25,000 40,000 Moderate 0.6 75,000 50,000 60,000 Excellent 0.2 100,000 150,000 175,000 The general partners of Pension Raiders in Problem 1 want to conduct a survey of independent money managers to find out if the managers believe the economic climate in the upcoming year will be favorable (11) or unfavorable (12). The staff of the Research Department estimates that the survey would cost $5,000. The staff also believes that if the Dow Jones performance will be poor, the likelihood of the survey resulting in Ii is 10%. If the Dow Jones performance will be moderate, indicator Ii is likely to occur 50% of the time. If the Dow Jones performance will be excellent, the probability of getting indicator Ii is 80%. Determine whether or not the survey should be conducted and at what cost