TABLE 17-2
the Following Payoff Matrix Is Given in Dollars $\quad$

question 104

Multiple Choice

TABLE 17-2
The following payoff matrix is given in dollars.

$\quad$ $\quad$ $\quad$ $\quad$ $\text {Action }$
$\begin{array} { c c c } \text { Event }& A & B \\\hline1 & 400 & 700 \\2 & 200 & 500\end{array}$

Suppose the probability of Event 1 is 0.5 and Event 2 is 0.5.
-Referring to Table 17-2, what is the optimal action using the EOL criterion?

• A) Action A
• B) Action B
• C) either Action A or Action B
• D) It cannot be determined.

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Definitions:

Reassured

Reassured means having one's confidence restored; to be comforted or relieved from worries or doubts.

Resiliency

The ability to recover quickly from difficulties; toughness, often demonstrated by individuals or communities in the face of adversity.

Adversity

Difficult or challenging circumstances that an individual or group faces, which can include poverty, illness, or disaster.

Children In Poverty

Minors living in conditions of economic deprivation that affect their physical, emotional, and social development.