Use the Following Decision Tree to Answer the Next Question

question 15

Multiple Choice

Use the following decision tree to answer the next question.

-If the probability of Event 1 is 30% and the probability of Event 2 is 70% in the decision tree above, the expected value of Decision 1 is

• A)-10
• B)30
• C)14.5
• D)18

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Definitions:

Power Distance

A cultural dimension that describes how members of a society perceive and accept the distribution of power among individuals and institutions.

Full-time Work

Employment in which an individual works a minimum number of hours defined by their employer as full-time.

Social More

Unwritten rules or norms that are widely observed and are considered conducive to the welfare and continuity of a community.

Social Stigma

Refers to the disapproval of, or discrimination against, an individual or group based on perceivable social characteristics that serve to distinguish them from other members of a society.