Consider the Following Scenario When Answering the Following Questions

question 95

Multiple Choice

Consider the following scenario when answering the following questions:
Danika and Yolanda are playing an ultimatum game where Yolanda is given an eight-slice pizza and asked to propose a way of splitting it with Danika.When Danika learns Yolanda's proposal,Danika chooses whether to accept or reject the split.If Danika accepts the split,both players receive the slices of pizza according to Yolanda's split proposal.If Danika rejects the split,both players receive nothing.This game will be played only once,so Yolanda does not have to worry about reciprocity when making her choice.Assume that both players enjoy pizza and each would strictly prefer to eat more pizza than less.
-The fairest split proposal Yolanda can offer would be if Yolanda receives ________ slice(s) and Danika receives ________ slice(s) .

• A) three; five
• B) one; seven
• C) two; five
• D) seven; one
• E) four; four

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Definitions:

Standardized Normal Value

A value derived from the process of transforming a data point to fit the normal distribution with a mean of 0 and a variance of 1.

Z-value

A statistical metric indicating how many standard deviations away from the mean a specific data point lies.

Random Variable

A random variable is a variable whose values depend on outcomes of a random phenomenon.

Standard Normal Probability Distribution

A probability distribution that has a mean of 0 and a standard deviation of 1, used in statistics to represent standardized values of a dataset.