$$\text { TABLE 17-6 }$$ A Student Wanted to Find Out the Optimal Strategy to Out

question 102

Short Answer

$$\text { TABLE 17-6 }$$ A student wanted to find out the optimal strategy to study for a Business Statistics exam. He constructed the following payoff table based on the average amount of time he needed to put in every week studying for the course and the degree of difficulty of the exam. From the information that he gathered from students who had taken the course, he concluded that there was a 40% probability that the exam would be easy.
$$\begin{array} { | l | c | c | c | } \hline & \text { 16 hours } & 8 \text { hours } & \text { 4 hours } \\\hline \text { Easy Exam } & 40 & 60 & 80 \\\hline \text { Difficult Exam } & 100 & 50 & 0 \\\hline\end{array}$$
-Referring to Table 17-6, how many possible courses of action are there?

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Definitions:

Morpholino

Synthetic molecules used to modify gene expression, particularly in the study of gene function in developmental biology.

Species

According to the biological species concept, one or more populations whose members are capable of interbreeding in nature to produce fertile offspring and do not interbreed with members of other species. Compare with phylogenetic species concept.

Population

A group of organisms of the same species that live in a defined geographic area at the same time.

Community

An association of populations of different species living together in a defined habitat with some degree of interdependence. Compare with ecosystem.