Table 5.4 -Refer to Table 5.4. If Outcomes 1 and 2 Are

question 106

Multiple Choice

Table 5.4

-Refer to Table 5.4. If outcomes 1 and 2 are equally likely at Job A, and if at Job B the $20 outcome occurs with probability .1, and the $50 outcome occurs with probability .9, then:

• A) Job A is safer because the difference in the probabilities is lower.
• B) Job A is riskier only because the expected value is lower.
• C) Job A is riskier because the standard deviation is higher.
• D) Job B is riskier because the difference in the probabilities is higher.
• E) There is no definite way given this information to tell how risky the two jobs are.

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Definitions:

Alfred Binet

A French psychologist who, with Theodore Simon, developed the first intelligence test in the early 20th century.

Mental Age

A measure of an individual's mental attainment based on the age at which an average individual achieves a particular score on a test of intelligence or aptitude.

Chronological Age

The age of an individual or object expressed as the amount of time since their date of birth or creation.

Growth Mind-Set

The belief that abilities and intelligence can be developed through dedication and hard work.