Ray Crawford Is Evaluating Investment Alternatives to Invest $500,000 Which

question 35

Multiple Choice

Ray Crawford is evaluating investment alternatives to invest $500,000 which he inherited from his grandfather.His investment advisor has identified four alternatives and constructed the following payoff table which shows expected profits (in $10,000's) for various market conditions: If Ray uses the Hurwicz criterion with alpha = 0.9, the appropriate choice is ___.

• A)T-Bills
• B)Stocks
• C)Bonds
• D)Mixture
• E)none

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Definitions:

Generalizability

The extent to which findings from a study or research can be applied to broader contexts or with different groups.

Reliability

Degree of consistency in a measurement— that is, the extent to which it yields accurate measurements of a phenomenon across several trials, across different populations, and in different forms.

Inter-rater Reliability

The degree to which different observers or raters consistently assess the same phenomenon or outcome.

Inter-judge Reliability

The level of agreement or consistency between different judges or raters measuring the same phenomenon.