Instruction 17-2
the Following Payoff Table Shows Profits Associated with a Set

question 35

Multiple Choice

Instruction 17-2
The following payoff table shows profits associated with a set of three alternatives under two possible events.
$\begin{array} { c r r r } States & A 1 & A 2 & A 3 \\\hline 1 & 12 & - 2 & 8 \\2 & 4 & 10 & 5\end{array}$
where: $\quad S 1$ is event $1 \quad A 1$ is action alternative 1
$\quad\quad\quad\quad S 2$ is event $2 \quad A 2$ is action alternative 2
$\quad\quad\quad\quad\quad\quad\quad A 3$ is action alternative 3
-Referring to Instruction 17-2,if the probability of S1 is 0.5,then the expected monetary value (EMV) for A2 is

• A)3.
• B)4.
• C)8.
• D)6.5.

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Definitions:

Long-Term Memory

The aspect of memory capable of storing information for prolonged periods, ranging from a few minutes to a lifetime.

Retroactive Inhibition

The phenomenon where newer memories interfere with the recall of older memories.

Interference

A cognitive theory that proposes that people forget information because other information learned either before or after interferes with its retrieval.

Retroactive Interference

The phenomenon where newly acquired information interferes with the recall of previously learned information.