SCENARIO 20-6 a Student Wanted to Find Out the Optimal Strategy to Strategy

question 98

Short Answer

SCENARIO 20-6
A student wanted to find out the optimal strategy to study for a Business Statistics exam with scores out of 100 possible points.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.

-Referring to Scenario 20-6,how many possible events are there?

---

Definitions:

Seligman

A psychologist known for his work on positive psychology, learned helplessness, and well-being.

Optimistic

Having a positive outlook or expectation about the future, believing that good things will happen.

Explanatory Style

A psychological attribute that indicates how people explain to themselves why they experience a particular event, either positive or negative.

Learned Helplessness

A situation where someone feels unable to control their life, due to trauma or repeated failures.