Heading: Analyzing Risky Decisions

question 46

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 B, which decision alternative should the decision maker choose at node C?

• 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:

Rods

Photoreceptor cells in the retina of the eye that are responsible for vision at low light levels but do not mediate color vision.

Peripheral Vision

The part of vision that occurs outside the very center of gaze, allowing humans to perceive objects and movements at the edges of their visual field.

Rod Cells

Photoreceptor cells in the retina of the eye that are responsible for vision at low light levels and are not involved in color vision.

Cone Cells

Photoreceptor cells in the retina of the eye responsible for color vision and visual acuity under bright light conditions.