Use the Following to Answer the Questions Below

question 97

Multiple Choice

Use the following to answer the questions below.
In choosing between three new jobs,Joe MBA considers the potential payoffs over the next three years.The following table contains the payoffs,given the speed of promotion in each of the organizations.The probability of fast promotion is 0.6,and the probability of slow promotion is 0.4.
Table A.4
-Use the information in Table A.4 and the minimax regret decision rule.The maximum regret is:

• A)less than $300,000 if the high-flying consultant job is selected.
• B)less than $300,000 if the utility analyst job is selected.
• C)less than $300,000 if the research assistant job is selected.
• D)lowest for the research assistant job.

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Definitions:

Independence

The condition or quality of being self-reliant and free from external control or support, often associated with nations, individuals, or thoughts.

Maturity

The state of being fully developed in the body or the mind, or the state of being ready for something.

Social Learning Theory

A hypothesis proposing that individuals acquire knowledge through watching, copying, and emulating each other.

Gender-typed Behavior

Actions or behaviors commonly associated with or expected from males or females in a given culture, often based on societal norms or stereotypes.