Consider the Following Decision Table with Rewards in $ Millions

question 95

Multiple Choice

Consider the following decision table with rewards in $ millions. $\begin{array}{r}\text { State of Nature }\\(\begin{array}{|c|c|c|c|}\hline\text { Decision Alternatives } & S_{1} & S_{2} & S_{3} \\\hline d_{1} & -1 & 2 & 8 \\\hline d_{2} & -3 & y & 5 \\\hline d_{3} & -0.5 & 0.75 & 1 \\\hline d_{4} & 0 & 0 & 0 \\\hline d_{5} & x & -1 & -1\\\hline\end{array}\end{array}$
If you are using the maximin criterion and decide d₄, then x is ______.

• A)at most -1
• B)less than -1
• C)any value
• D)cannot be determined without knowing the value of y
• E)less than -3

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Definitions:

Cognitive Theories

Theoretical frameworks that emphasize the role of mental processes such as perception, memory, and thought in the development of personality, behavior, and learning.

Conscious Thoughts

Mentally aware or deliberate thoughts that one can observe, know, and report.

Piagetian Stage

One of the developmental phases in Jean Piaget's theory of cognitive development, including sensorimotor, preoperational, concrete operational, and formal operational stages.

Sensorimotor Stage

The first stage in Piaget's theory of cognitive development, occurring from birth to approximately 2 years of age, during which infants learn about the world through their senses and actions.