SCENARIO 19-2
the Following Payoff Matrix Is Given in Dollars $\quad$

question 27

Multiple Choice

SCENARIO 19-2
The following payoff matrix is given in dollars. $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\text { Action }$
$\begin{array}{l}\begin{array} { c c c } \text { Event } & A & B \\\hline 1 & 400 & 700 \\2 & 200 & 500\end{array}\end{array}$ Suppose the probability of Event 1 is 0.5 and Event 2 is 0.5.
-Referring to Scenario 19-2, what is the action with the preferable coefficient of variation?

• A) Action A
• B) Action B
• C) Either Action A or Action B
• D) It cannot be determined.

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Definitions:

Negative Feedback

A regulatory mechanism in which a change in a system triggers an action that reverses that change, maintaining system stability.

Internal Organs

Organs located within the main cavities of the body, such as the heart, liver, and kidneys, which perform essential functions necessary for survival.

Spinal Tap

A medical procedure where a needle is inserted into the lower part of the spinal column to collect cerebrospinal fluid for diagnostic testing.

Dorsal Cavity

One of two main body cavities in humans; contains the cranial cavity and vertebral canal.