You Are a Hotel Manager, and Are Considering Four Projects

question 46

Multiple Choice

You are a hotel manager, and are considering four projects that yield different payoffs, depending upon whether there is an economic boom or recession.The potential payoffs and corresponding payoffs are summarized in the following table.

-The variance in the returns of project A is

• A)15.
• B)225.
• C)40.
• D)1600.

---

Definitions:

Multidimensional Theories

A class of theoretical models in which theorists consider development to be the result of the relationships among many causal components. They generally apply to all domains of development from the cognitive to the social and suggest that there are layers, or levels, of interacting causes for behavioral change: physical/molecular, biological, psychological, social, and cultural. These models may also be called transactional, relational, systems, or bioecological models.

Development

The process of growth, progress, or evolution, often implying improvements in physical, intellectual, or emotional capacities.

Stage Theory

A theory suggesting that human development occurs in distinct, step-wise phases, each characterized by unique features and challenges.

Developmental History

A detailed account of significant events, milestones, and conditions throughout an individual's growth and development phases.