The Information in the Table Below Describes Choices for a New

question 53

Multiple Choice

The information in the table below describes choices for a new doctor. The outcomes represent different macroeconomic environments, which the individual cannot predict.Table 5.3

-Refer to Table 5.3. In order to weigh which of the job choices is riskiest, an individual should look at:

• A) the deviation, which is the difference between the probabilities of the two outcomes.
• B) the deviation, which is the difference between the dollar amounts of the two outcomes.
• C) the average deviation, which is found by averaging the dollar amounts of the two outcomes.
• D) the standard deviation, which is the square root of the average squared deviation.
• E) the standard deviation, which is the squared average square root of the deviation.

---

Definitions:

Ethical Dilemma

A situation in which a difficult choice has to be made between two or more morally correct actions that are in conflict.

Egoists

Individuals who are excessively focused on their own advantages, self-interests, and welfare, often at the expense of others.

Modern Consumer Society

A society characterized by the widespread purchase and consumption of goods and services, heavily influenced by advertising, media, and technological advancements.

Moral Philosophers

Intellectuals who explore the nature of morality, ethics, and moral judgment, questioning what is right, wrong, good, or bad.