Video Business a High School Student,who Started Doing Videos as a as a Hobby,is

question 3

Essay

Video Business
A high school student,who started doing videos as a hobby,is considering going into the videography business.The anticipated payoff table is: The following prior probabilities are assigned to the states of nature: P(poor)= 0.4,P(fair)= 0.4,and P(super)= 0.2. ​ ​
-{Video Business Narrative} Calculate the expected opportunity loss for each act with present information.What decision should be made using the EOL criterion?

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Definitions:

Counseling Psychologist

A professional who helps individuals, families, and groups improve their well-being, alleviate distress, and resolve crises through psychological methods.

Direct Treatment

A type of medical or psychological intervention that is aimed specifically at addressing the underlying cause of a disease or disorder, rather than just treating the symptoms.

Obsessive-Compulsive Disorder

A mental disorder characterized by unwanted, persistent thoughts (obsessions) and repetitive behaviors (compulsions) that an individual feels driven to perform.

Exposure and Response Prevention

A behavioral therapy technique often used for treating obsessive-compulsive disorder, involving exposure to the source of fear and refraining from the compulsive behavior that typically follows.