Simplistic Inc

question 4

Multiple Choice

Simplistic Inc.has a project that costs $600,000.It has a 70% chance of a $1,000,000 payoff and a 30% chance of a $100,000 payoff.What is the expected payoff and the expected profit or loss from the new project?

• A)The expected payoff is $730,000,and the expected gain is $130,000.
• B)The expected payoff is $700,000,and the expected loss is $100,000.
• C)The expected payoff is $600,000,and the expected gain is $0.
• D)The expected payoff is $500,000,and the expected loss is $100,000.

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Definitions:

Primary Tasks

The main or central duties and responsibilities that need to be executed within a role or job.

Domain Specific Memory Systems

Memory systems specialized for processing and storing information related to particular types of content or operations.

Chunking

A memory strategy that involves breaking down information into smaller, manageable units or chunks to make it easier to remember.

Treisman's Modified Filter Theory

A theory in psychology that proposes humans process information through a two-stage filtering process, initially screening stimuli based on physical characteristics and then allowing for further processing based on meaning.