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

question 70

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, what is the opportunity loss for A2 when S1 occurs?

• A) 5
• B) 14
• C) - 2
• D) 0

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Definitions:

Spatial Zone

An area defined by physical or imaginary boundaries related to anthropology or environmental behavior studies, often referring to personal space.

Edward T. Hall

An American anthropologist known for his work in the field of intercultural communication and the study of proxemics.

Intimate

Pertaining to a close, personal relationship or a detail shared in such a relationship.

Nonverbal Communication

The transmission of messages or signals through a nonlinguistic means, such as facial expressions, body language, or tone of voice.