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

question 79

True/False

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, the optimal strategy using the expected monetary value
criterion is to study 16 hours per week on average for the exam.

---

Definitions:

Single-Subject Design

A research design that focuses on the response of a single subject to a treatment or intervention, emphasizing the collection and analysis of data over time.

Transfer

Transfer refers to the movement of something from one place to another, in learning, it's the application of knowledge or skills acquired in one context to new situations.

"Sweet Sorrow"

A phrase expressing the mixed feelings of sadness and happiness often associated with farewells or endings leading to new beginnings.

Peer Review

A process used primarily in academic and professional settings where work is evaluated by one's colleagues or equals to ensure quality and credibility.