A Lab Orders a Shipment of 100 Frogs Each Week $\begin{array}{l|ccc}\text { Price } & \$ 10.00 & \$ 12.50 & \$ 15.00 \\\hline \text { Probability } & 0.4 & 0.25 & 0.35\end{array}$

question 66

Multiple Choice

A lab orders a shipment of 100 frogs each week. Prices for the weekly shipments of frogs follow the distribution below: $\begin{array}{l|ccc}\text { Price } & \$ 10.00 & \$ 12.50 & \$ 15.00 \\\hline \text { Probability } & 0.4 & 0.25 & 0.35\end{array}$

Suppose the mean cost of the frogs is $\$ 12.38$ per week. Interpret this value.

• A) The average cost for all weekly frog purchases is \(\$ 12.38\).
• B) The frog cost that occurs more often than any other is \(\$ 12.38\).
• C) The median cost for the distribution of frog costs is \(\$ 12.38\).
• D) Most of the weeks resulted in frog costs of \(\$ 12.38\).

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Definitions:

Motivation

The method that begins, directs, and sustains actions aimed at achieving objectives.

Process Theories

Refer to models and concepts that explain the dynamics of how processes, such as decision-making or motivation, unfold over time within organizations.

Cognitive Processes

The mental actions or processes involved in acquiring knowledge and understanding through thought, experience, and the senses.

Lower-order Needs

Basic physiological and safety needs at the bottom levels of Maslow’s hierarchy, which must be satisfied before higher-level needs can be addressed.