SCENARIO 19-1
the Following Payoff Table Shows Profits Associated with a Set

question 84

Multiple Choice

SCENARIO 19-1
The following payoff table shows profits associated with a set of 3 alternatives under 2 possible states
of nature. $\begin{array}{crrr}\text { States } & A 1 & A 2 & A 3 \\\hline 1 & 12 & -2 & 8 \\2 & 4 & 10 & 5\end{array}$

where: $\quad S 1$ is state of nature 1 $\quad$$A 1$ is action alternative 1
$\quad$$\quad$$\quad$$S 2$ is state of nature 2 $\quad$$A 2$ is action alternative 2
$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$A 3$ is action alternative 3
-Referring to Scenario 19-1, if the probability of S1 is 0.5, then the expected monetary value (EMV ) for A1 is

• A) 3
• B) 4
• C) 6.5
• D) 8

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Definitions:

Gender Stereotypes

Involve generalized views or preconceptions about attributes or characteristics, or the roles that are or should be performed by, men and women.

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Individuals or groups responsible for making choices and forming policies or strategies within an organization.

Masculine Characteristics

Traits traditionally associated with men, such as assertiveness, competitiveness, and physical strength, often discussed in the context of gender roles and expectations.

Good Manager

A person who effectively leads, guides, and supports their team towards achieving goals while maintaining a positive work environment.