Consider the Following Payoff Table with Amounts in $ Millions

question 39

Multiple Choice

Consider the following payoff table with amounts in $ millions. The column with investments lists mutually exclusive investment decisions.If you use the expected value criterion and you choose investment d₂,then the probability that you assign to the state of nature S₁ is __________.

• A)more than 0.25 and less than 0.67
• B)more than 0.33 and less than 0.67
• C)more than 0.25 and less than 0.5
• D)more than 0.33 and less than 0.5

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Definitions:

Efficacy Expectation

An individual's belief in their capacity to execute behaviors necessary to produce specific performance attainments.

Successful Experience

An event or occurrence that achieves a desired outcome or exceeds expectations, often leading to a sense of accomplishment or satisfaction.

Persuasive Speech

A form of speech aimed at convincing the audience to accept a particular point of view or take a specific action.

Self-monitoring

The process of paying attention to one's own behavior and using these observations to shape the way one behaves.