Instruction 17-1
a Student Wanted to Find Out the Optimal

question 60

Multiple Choice

Instruction 17-1
A student wanted to find out the optimal strategy to study for a Business Statistics exam.He constructed the following payoff table based on the mean amount of time he needed to put in every week studying for the course and the degree of difficulty of the exam.From the information that he gathered from students who had taken the course,he concluded that there was a 40% probability that the exam would be easy.
$$\begin{array} { | l | l | l | l | } \hline & 16 \text { hours } & 8 \text { hours } & 4 \text { hours } \\\hline \text { Easy Exam } & 40 & 60 & 80 \\\hline \text { Difficult Exam } & 100 & 50 & 0 \\\hline\end{array}$$
-Referring to Instruction 17-1,if the probability of S1 is 0.5,then the expected opportunity loss (EOL) for A3 is

• A)3.
• B)4.5.
• C)8.
• D)7.

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Definitions:

Type B

A personality type characterized by a laid-back and less stress-prone approach to life, in contrast to Type A personality.

Coping Strategy

Techniques or methods used to manage stress, adversity, or emotional conflicts, which can vary widely among individuals.

Efficiency-Focused

Aiming to maximize productivity with the least waste of resources and effort.

Emotion-Focused

An approach or coping strategy that involves managing and addressing feelings and emotional responses.