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

question 40

Short Answer

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,what is the return-to-risk ratio of spending 8 hours per week on average studying for the exam?

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Definitions:

Immediate Reinforcers

Stimuli that immediately follow a behavior and increase the likelihood of its future occurrence.

Delayed Reinforcers

Rewards or consequences that are not immediately presented after a behavior, which can nonetheless significantly impact future behavior.

Variable-Ratio

A schedule of reinforcement where a response is rewarded after an unpredictable number of responses.

Reinforced

Strengthened behavior through the application of a stimulus (positive reinforcement) or the removal of an undesirable stimulus (negative reinforcement).