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Calculate the expected payoff for the following cases,where q1 and q2 are the probabilities of state 1 and 2,respectively.
Scientific Investigation
A methodical process used to study the natural world, often involving observations, experiments, and hypothesis testing.
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The process by which individuals interpret and organize sensory information to give meaning to their environment, involving recognition, identification, and understanding of the stimuli.
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The act of giving a detailed account or explanation of the characteristics, qualities, or events.
Empirical Question
A question that can be answered through observation, experimentation, or other data gathering methods.
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