You Are a Hotel Manager Considering Four Projects That Yield

question 85

Multiple Choice

You are a hotel manager considering four projects that yield different payoffs,depending upon whether there is an economic boom or a recession.The potential payoffs and corresponding payoffs are summarized in the following table. $$\begin{array} { | l | l | l | } \hline \text { Praject } & \begin{array} { l } \text { Bamn } \\( 50 \% ) \end{array} & \begin{array} { l } \text { Recession } \\( 50 \% ) \end{array} \\\hline \text { A } & \$ 40 & - \$ 20 \\\hline \text { B } & - \$ 10 & \$ 30 \\\hline \text { C } & \$ 50 & - \$ 50 \\\hline \text { D } & \$ 60 & \$ 60 \\\hline\end{array}$$ The expected value of project A is:

• A) $5.
• B) $10.
• C) $20.
• D) None of the answers are correct.

Recognize how specific concepts like implicit personality theories and stereotypes affect our understanding of individuals based on their group affiliations.

Understand the concept of ingroup and outgroup perception and bias.

Recognize the just-world phenomenon and its implications on victim perception.

Identify various social influences on aggression.