TABLE 17-1
the Following Payoff Table Shows Profits Associated with a Set

question 7

Multiple Choice

TABLE 17-1
The following payoff table shows profits associated with a set of 3 alternatives under 2 possible states of nature.
$\begin{array}{llcc} \text {States } &\text { A1 }&\text { A2 }&\text {A3 }\\\hline1&12&-2&8\\2&4&10&5\end{array}$


$\text {where:}$$\quad$$\quad$ $\text {S1 is state of nature 1 }$$\quad$$\text {A1 is action alternative 1}$
$\quad$$\quad$$\quad$$\quad$$\quad$$\text {S2 is state of nature 2}$$\quad$$\text { A2is action alternative 2}$
$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\text {A3 is action alternative3 }$
-Referring to Table 17-1, if the probability of S1 is 0.5, what is the EVPI for the payoff table?

• A) 3
• B) 11
• C) -3
• D) 8

Comprehend the nature and importance of leader-follower relationships and the leader-member exchange theory.

Recognize the significance of power distance and its orientation in leadership and organizational behavior.

Identify and explain the process and impact of upward leadership within organizations.

Understand the dynamics of idiosyncrasy credits and their relevance to leadership and organizational norms.

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Definitions:

Social Capital

Family and community resources on which a person can draw.

After-School Child Care

Refers to programs and services provided to children after school hours, offering supervision and activities.

Tutoring

The act of providing individual guidance, assistance, or instruction to a student or learner in specific subjects or skills.

Arithmetic

The branch of mathematics dealing with the properties and manipulation of numbers.