Consider the Following Decision Table with Rewards in $ Millions

question 5

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 y 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:

Aristotelian Approach

A philosophical methodology based on the teachings of Aristotle, focusing on the concrete and particular, emphasizing purpose, and considering the ethical implications of actions.

Inherent Human Nature

Fundamental characteristics and instincts common to all humans.

Virtue

Moral excellence and righteousness; an inclination to do good and avoid wrong.

Directly Conflicts

Occurs when two or more elements or interests are in opposition, creating a scenario where the satisfaction of one necessarily leads to the dissatisfaction of the other(s).