SCENARIO 20-6 a Student Wanted to Find Out the Optimal Strategy to Strategy

question 39

Short Answer

SCENARIO 20-6
A student wanted to find out the optimal strategy to study for a Business Statistics exam with scores out of 100 possible points.He constructed the following payoff table based on the mean amount of time he needed to study every week 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.

-Referring to Scenario 20-6,what is the expected monetary value of spending 8 hours per week on average studying for the exam?

---

Definitions:

Parallel Processing

A computational method where multiple processors execute or process instructions simultaneously to increase computing speed and efficiency.

Pipelining

A technique in computer architecture where multiple instructions are overlapped in execution to improve the performance of the execution of sequences of instructions.

Multiple Monitors

The use of more than one display screen at a time to expand visual workspace, often used to improve multitasking or enhance gaming and multimedia experiences.