Exhibit 12

question 58

Multiple Choice

Exhibit 12.2 A university has six colleges and takes a poll to gauge student support for a tuition increase.The university wants to insure each college is represented fairly.The below table shows the observed number students that participate in the poll from each college and the actual proportion of students in each college. Refer to Exhibit 12.2.For the goodness-of-fit test,the alternative hypothesis states that

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Definitions:

Prisoner's Dilemma

A scenario in game theory that illustrates why individuals might not cooperate, even when it seems that doing so would be in their collective best interest.

Zero-sum Game

A situation in competitive theory where one party's gain is exactly balanced by the losses of others. In a zero-sum game, the total benefit to all players in the game, for every combination of strategies, always adds up to zero.

Non-zero-sum Game

A scenario in game theory where the sum of outcomes for all players does not equal zero, allowing for mutual benefit or loss.

Equity Game

A scenario or experiment in psychology and economics that studies people's concepts of fairness and distribution of resources.