Heading: Analyzing Risky Decisions

question 46

Multiple Choice

Heading: Analyzing Risky Decisions
**Reference: Use the decision tree along with the given probabilities to answer the next six questions
Probability Event A = 30% Probability Event B = 70%
Probability Event 1 = 58% Probability Event 2 = 42%
Probability of Event A given that Event 1 occurs = 16%
Probability of Event B given that Event 1 occurs = 84%
Probability of Event A given that Event 2 occurs = 50%
Probability of Event B given that Event 2 occurs = 50%

-*If the decision maker chooses Decision B, which decision alternative should the decision maker choose at node C?

• A)Decision 1
• B)Decision 2
• C)Either decision; they both have the same expected value.
• D)Neither decision; more information is needed.

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Definitions:

Classical Conditioning

A learning process in which a natural response becomes triggered by a previously neutral stimulus after being associated with a stimulus that naturally brings about that response.

Electrical Outlets

Receptacles installed in buildings that provide a connection point to the electrical grid, allowing electrical devices to be plugged in and powered.

Conditioning Steps

The process involved in classical conditioning, including the presentation of the conditioned stimulus along with the unconditioned stimulus until the conditioned response is learned.

Cognitive Learning

A type of learning that involves mental processes like thinking, knowing, remembering, and problem-solving, emphasizing understanding and organization of information.