Heading: Analyzing Risky Decisions

question 42

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 A and Event 1 occurs, which decision alternative should the decision maker choose at node D?

• 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:

Parental Monitoring

The actions taken by parents or guardians to keep track of their children's activities, whereabouts, and associations to guide and protect them.

Reduced Sexual Activity

A decrease in the frequency or intensity of sexual behaviors, which can be influenced by various factors including age, health, and relationship dynamics.

Crowd Status

Relates to an individual's social ranking or position within a group, often influencing their interactions and relationships with other members of the group.

Cross-Ethnic Friendships

These are friendships formed between individuals belonging to different ethnic or racial backgrounds, promoting cultural exchange and understanding.