Solved

The Head of Operations for a Movie Studio Wants to Determine

question 129

Multiple Choice

The head of operations for a movie studio wants to determine which of two new scripts they should select for their next major production. (Due to budgeting constraints, only one new picture can be undertaken at this time.) She feels that script 1 has a 70 percent chance of earning about $10,000,000 over the long run, but a 30 percent chance of losing $2,000,000. If this movie is successful, then a sequel could also be produced, with an 80 percent chance of earning $5,000,000, but a 20 percent chance of losing $1,000,000. On the other hand, she feels that script 2 has a 60 percent chance of earning $12,000,000, but a 40 percent chance of losing $3,000,000. If successful, its sequel would have a 50 percent chance of earning $8,000,000, but a 50 percent chance of losing $4,000,000. Of course, in either case, if the original movie were a flop, then no sequel would be produced.
What is the expected value for the optimum decision alternative?

Recognize the characteristics and examples of altered states of consciousness.

Identify and explain the various states and levels of consciousness and awareness.

Comprehend the physiological and psychological aspects of consciousness including its biological bases.

Understand the concept of the circadian rhythm and its effects on human behavior and physiological processes.

Definitions:

Major Crimes

Serious criminal offenses that typically involve violence or significant harm to individuals or property, such as murder, rape, or burglary.

Political Citizenship

The status of being a citizen, including rights, privileges, and duties associated with participating in the political process of a country or community.

Deprivation-Based Theories

Theories that explain social phenomena, such as crime or political unrest, as results of individuals' unmet needs or desires.