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SCENARIO 19-6
a Student Wanted to Find Out the Optimal

question 103

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SCENARIO 19-6
A student wanted to find out the optimal strategy to study for a Business Statistics exam. He
constructed the following payoff table based on the mean amount of time he needed to study every
week for the course and the degree of difficulty of the exam. From the information that he gathered
from students who had taken the course, he concluded that there was a 40% probability that the exam
would be easy. 16 hours 8 hours 4 hours  Easy Exam 406080 Difficult Exam 100500\begin{array} { | l | l | l | l | } \hline & 16 \text { hours } & 8 \text { hours } & 4 \text { hours } \\\hline \text { Easy Exam } & 40 & 60 & 80 \\\hline \text { Difficult Exam } & 100 & 50 & 0 \\\hline\end{array}
-Referring to Scenario 19-6, how many possible events are there?


Definitions:

Kelley's Attribution Theory

A psychological theory that explains how individuals infer the causes of their own and others' behavior based on observed evidence and situational factors.

Low Distinctiveness

A concept in attribution theory where an individual's behavior is similar across different situations, leading to internal attributions about the person's characteristics.

Kelley's Covariation

A model that suggests an individual's behavior is explained by situational factors or the individual's disposition, based on consistency, distinctiveness, and consensus.

Dispositional Attribution

The process of attributing behavior to internal characteristics or traits of the individual.

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