Instruction 17-3
the Following Payoff Table Shows Profits Associated with a Set

question 102

Multiple Choice

Instruction 17-3
The following payoff table shows profits associated with a set of three alternatives under two possible events.
$$\begin{array} { c c c c } \text { States } & A 1 & A 2 & A B \\\hline 1 & 12 & - 2 & 8 \\2 & 4 & 10 & 5\end{array}$$ where:
S1 is event 1
A1 is action alternative 1
S2 is event 2
A2 is action alternative 2
A3 is action alternative 3
-Referring to Instruction 17-3,if the probability of S1 is 0.2 and S2 is 0.8,then the expected monetary value of A1 is _______.

• A) 2.4
• B) 16
• C) 8
• D) 5.6

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Definitions:

Geographic Isolation

A form of evolutionary separation where populations of the same species become physically divided by geographical barriers leading to genetic divergence.

Adaptive Radiation

The evolution of a large number of related species from an unspecialized ancestral organism.

Kaibab Squirrels

A species of squirrel that is native to the North Rim of the Grand Canyon in the United States, known for its distinctive tufted ears.

Abert Squirrels

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