Use This Information to Answer the Following Questions

question 38

Multiple Choice

Use this information to answer the following questions.
Consider the following payoff table that represents the profits earned for each alternative (A,B,and C) under the states of nature S1,S2,and S3.

-Refer to the payoff table.Using the Laplace criterion,what would be the highest expected payoff?

• A)$103.3
• B)$108.3
• C)$120
• D)$125
• E)$145

Acknowledge the importance of corporate social responsibility (CSR) in hybrid models of social entrepreneurship.

Understand the concept of social venture capital and its implications for economic development and social impact.

Distinguish between social, enterprising nonprofits, and hybrid models of social entrepreneurship.

Grasp the complexities involved in solving wicked problems through social entrepreneurship.

---

Definitions:

F Test Statistic

Used in analysis of variance (ANOVA) to compare the variances of two populations, based on sample data.

F-Test

A statistical test used to compare the variances of two populations and determine if they are significantly different.

Randomized Block Design

An experimental design in which units are blocked into groups sharing similar characteristics to reduce variability, with each block then randomly assigned to treatments.

Independent Samples Design

An experimental design where separate groups are independently assigned to different treatments, with no member belonging to more than one group.