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Problem 1 . Questions 1 , 2 , 3 , 4 , and 5 You have a truck food and 2 options to set your
Problem
Questions
and
You have a truck food and
options to set your truck for the day: near the stadium or
downtown. The problem is that there is some kind of event in the stadium, but you are
unsure if it is a music event or a sports event. Looking at your records, for a sports
event, it is better to stay near the stadium since you get around
benefits while in
the downtown you will get around
For music events, it is better to stay in the
downtown since you benefits are around
while near the stadium is only
In addition, you recall past events in the stadium and the musical event are rarer, since
of the time it is a sports event.
Another option is to check early which kind of people are around the stadium before the
event. If the event was music, the people will be younger than usual
of the time. If
the event is sports, the people will be older than usual
of the time.
What is the difference of expected benefits with and without checking?
a Equal or bigger than lower than
b Equal or bigger than lower than
c Equal or bigger than lower than
d Equal or bigger than
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