The Following Payoff Table (In Thousands of Dollars) Considers Three

question 127

Multiple Choice

The following payoff table (in thousands of dollars) considers three possible levels of demand in a housing complex.If there is a 45% chance that the demand level will be low, 30% that it will be medium and 25% chance that it will be high, the expected value (in thousands of dollars) associated with the best action is ________________________ .

• A)$208.75
• B)$225
• C)$310
• D)$326.25
• E)$535

Comprehend the importance of considering various factors, such as biological versus adoptive relationships, in psychological research on parenting.

Recognize the implications of research findings on real-world parenting practices.

Understand the need for replicability and generalizability in psychological research conclusions.

Understand the basic principles of sensation and perception.