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

question 33

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, the expected profit under certainty (EPUC ) is

• A) 0
• B) 300
• C) 500
• D) 600

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Definitions:

Subjective Mechanism

Subjective mechanism refers to processes or methods that are based on personal feelings, tastes, or opinions rather than objective facts or evidence.

Subsequent Actions

Activities, decisions, or measures taken following a particular event or as a continuation of a process already underway.

Projection

A psychological defense mechanism where individuals attribute their own unacceptable thoughts, feelings, or motives to another person.

Generalize

To make broad statements or conclusions based on a small amount of evidence or a limited number of examples.