If Given the Choice,which Alternative Will the Rational Person Choose

question 34

Multiple Choice

If given the choice,which alternative will the rational person choose?

• A)90% opportunity to gain $100
• B)50% opportunity to gain $1,000
• C)40% opportunity to gain $2,000
• D)10% opportunity to gain $4,000

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Definitions:

SERCOS Communication Networks

A digital interface standard used for communication between controls, drives, and decentralized peripheral devices in industrial applications.

Fiber-Optic Cable

A type of cable made of glass or plastic fibers that transmit data as light pulses, offering high bandwidth and low signal loss.

EtherNet/IP Protocol

A communications protocol widely used in industrial applications for networking various devices, including PLCs and sensors, over Ethernet.