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

question 100

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 profit under certainty (EPUC ) is

• A) 3
• B) 5
• C) 8
• D) 11

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Definitions:

Irrational Beliefs

Thoughts or assumptions that are not based on reality or rational thinking, often leading to negative emotional responses.

Treatment Failure

The occurrence when a medical treatment does not achieve the intended outcomes, leading to no improvement or worsening of a condition.

Theory Of Mind

The ability to attribute mental states—beliefs, intents, desires, emotions, knowledge—to oneself and others, and to understand that others have beliefs and perspectives that are different from one’s own.

Cognitive Development

The progression of learning and mental processing abilities, including thinking, reasoning, and problem-solving, over time.