Use the Following to Answer the Questions Below

question 70

Multiple Choice

Use the following to answer the questions below.
In choosing between three new jobs, Joe MBA considers the potential payoffs over the next three years. The following table contains the payoffs, given the speed of promotion in each of the organizations. The probability of fast promotion is 0.6, and the probability of slow promotion is 0.4.

-Use the information in Table A.3. Which alternative is best, given the matrix payoff?

• A) The A alternative would be chosen using the maximin decision rule.
• B) The B alternative would be chosen using the maximax decision rule.
• C) The C alternative would be chosen using the Laplace decision rule.
• D) The C alternative would be chosen using the maximin decision rule.

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Definitions:

Substance Use Disorder

A complex condition in which there is uncontrolled use of a substance despite harmful consequences, leading to clinically significant impairment or distress.

Harm Reduction

A set of practical strategies aimed at minimizing negative health, social, and legal impacts associated with drug use, sexual activity, and other potentially harmful behaviors.

Illicit Drug Use

The unauthorized or illegal use of substances, including drugs not sanctioned by legal authorities.

Low Risk Drinking Guidelines

are recommendations provided to minimize the health and safety risks associated with alcohol consumption, including limits on daily and weekly intake.