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

question 78

Short Answer

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. $$\begin{array} { | l | l | l | l | } \hline & 16 \text { hours } & 8 \text { hours } & 4 \text { hours } \\\hline \text { Easy Exam } & 40 & 60 & 80 \\\hline \text { Difficult Exam } & 100 & 50 & 0 \\\hline\end{array}$$
-Referring to Scenario 19-6, what is the expected profit under certainty?

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Definitions:

SSRIs

Selective Serotonin Reuptake Inhibitors, a class of drugs commonly used to treat depression and anxiety disorders by increasing levels of serotonin in the brain.

Cognitive-behavioral

A therapeutic approach that addresses dysfunctional emotions, maladaptive behaviors, and cognitive processes through goal-oriented, systematic procedures.

Sexual Dysfunction

Disturbances in sexual desire and in the psychophysiological changes associated with the sexual response cycle that cause marked distress or interpersonal difficulty.

Premature Ejaculations

A sexual dysfunction characterized by ejaculation that occurs with minimal sexual stimulation before, upon, or shortly after penetration and before the person wishes it.