You have $1000 and a certain commodity presently sells for $2 per ounce. Suppose that after one week the commodity will sell for either $ 1 or $ 4 an ounce, with these two possibilities being equally likely. If your objective is to maximize the expected amount of money that you possess at the end of the week, what strategy should you employ?

Part 1: interview at least three different people you know that fall within three age ranges (25-35), (36-50), and (51-70) year of age. ask each person you interview if they have life insurance (term, whole life etc.) and health insurance. ask what factors influenced their decision to buy or not the insurance coverage? report your findings to this assignment. specify who the people were that you spoke with.\