Alternatives 1 and 2 in the Following Payoff Table Represent

question 62

Multiple Choice

Alternatives 1 and 2 in the following payoff table represent the two possible manufacturing strategies that the EKA manufacturing company can adopt.The level of demand affects the success of both strategies.The states of nature (S_I) represent the levels of demand for the company products.S₁,S₂,and S₃ characterize high,medium,and low demand,with probabilities of .3,.6,and .1,respectively.The payoff values are in thousands of dollars. The management believes that weather conditions significantly affect the level of demand.48 monthly sales reports are randomly selected.These monthly sales reports show 15 months with high demand,28 months with medium demand,and 5 months with low demand.12 of the 15 months with high demand had favorable weather conditions.14 of the 28 months with medium demand had favorable weather conditions.Only 1 of the 5 months with low demand had favorable weather conditions.What is the probability that weather conditions are poor,given that the demand is high?

• A) .2
• B) .5
• C) .8
• D) .25
• E) .75

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Definitions:

Neurotransmitter

Chemicals released by neurons at synapses, which transmit signals across a chemical synapse from one neuron to another neuron, muscle cell, or gland cell.

Inhibitory Local Potential

A type of synaptic potential that makes a postsynaptic neuron less likely to generate an action potential.

Plasma Membrane

A biological barrier that demarcates the internal space of every cell from the external world, overseeing the transport of elements entering and exiting the cells.

Depolarization

A reduction in the difference in voltage across a cell's plasma membrane, making it more positive inside.