Guilt in decision making.Refer to the Journal of Behavioral Decision Making(January 2007) study of theeffect of guilt emotion on how a decision maker focuseson a problem, Exercise 3.48 (p. 183). The results (numberresponding in each category) for the 171 study participantsare reproduced in the table below. Suppose one of the 171participants is selected at random.

Emotional

State

Choose

Stated Option

Do Not Choose

Stated Option

Totals

Guilt

Anger

Neutral

45

8

7

12

50

49

57

58

56

Totals

60

111

171

a.Given that the respondent is assigned to the guilty state, what is the probability that the respondent chooses the stated option?

b.If the respondent does not choose to repair the car, what is the probability that the respondent is in the anger state?

c.Are the events {repair the car} and {guilty state }
independent?

Short Answer

Expert verified

.

Step by step solution

01

Finding the probability that the respondent chooses the stated option

P(A): Guilty respondents who choose the stated option

P(B): Total respondents in a guilty state

To find the probability (P) that the chosen participant chooses the stated option,

P(A|B)=P(A)P(B)=4557

Therefore, the probability of picking a respondent who chooses the stated option given that he is in a guilty state is 45/57.

02

Finding the probability that the respondent doesn’t choose the stated option and is angry 

P(C): Respondents who do not choose the stated option

P(D): Respondents don’t choose the stated option

P(C|D)=P(CD)P(D)=50171111171=50111

The respondent's probability of not choosing to repair the car and being angry is 50/111.

03

Determining whether the following events are independent or not 

Both events, repairing the car and feeling guilty, will be independent if the occurrence of feeling guilty does not affect the occurrence of repairing the car.

P(A) = Respondents choosing to repair the car

P(B) = Respondents feeling guilty

P(A|B)=P(A)6057=57171But,605757171

Therefore, repairing the car and feeling guilty are not independent events.

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Most popular questions from this chapter

Two fair dice are tossed, and the face on each die is observed.

  1. Use a tree diagram to find the 36 sample points contained in the sample space.
  2. Assign probabilities to the sample points in part a.
  3. Find the probability of each of the following events:

A = {3showing on each die}

B = {Sum of two numbers showing is}

C = {Sum of two numbers showing is even}

Randomization in a study of TV commercials. Gonzaga University professors conducted a study of more than 1,500 television commercials and published their results in the Journal of Sociology, Social Work, and Social Welfare (Vol. 2, 2008). Commercials from eight networks—ABC, FAM, FOX, MTV, ESPN, CBS, CNN, and NBC—were sampled for 8 days, with one network randomly selected each day. The table below shows the actual order determined by random draw:

ABC—July 6 (Wed)

FAM—July 7 (Thr)

FOX—July 9 (Sat)

MTV—July 10 (Sun)

ESPN—July 11 (Mon)

CBS—July 12 (Tue)

CNN—July 16 (Sat)

NBC—July 17 (Sun)

a. What is the probability that ESPN was selected on Monday, July 11?

b. Consider the four networks chosen for the weekends (Saturday and Sunday). How many ways could the researchers select four networks from the eight for the weekend analysis of commercials? (Assume that the assignment order for the four weekend days was immaterial to the analysis.)

c. Knowing that the networks were selected at random, what is the probability that ESPN was one of the four networks selected for the weekend analysis of commercials?

The outcomes of two variables are (Low, Medium, High) and (On, Off), respectively. An experiment is conducted in which the outcomes of each of the two variables are observed. The accompanying two-way table gives the probabilities associated with each of the six possible outcome pairs.

Low

Medium

High

On

.50

.10

.05

Off

.25

.07

.03

Consider the following events:

A: {On}

B: {Medium or on}

C: {Off and Low}

D: {High}

a. Find P (A).

b. Find P (B).

c. Find P (C).

d. Find P (D).

e. FindP(AC).

f. FindP(AB).

g. FindP(AB).

h. Consider each pair of events (A and B, A and C, A and D, B and C, B and D, C and D). List the pairs of events that are mutually exclusive. Justify your choices.

The diagram below describes the sample space of a particular experiment and events A and B .

  1. What is this type of diagram called?
  2. Suppose the sample points are equally likely. Find PAand PB.
  3. Suppose P1=P2=P3=P4=116and P5=P6=P7=P8=P9=P10=18 . Find PAand PB.

Degrees of best-paid CEOs.Refer to the results of the Glassdoor Economic Research (August 25, 2015) survey of the top 40 best-paid CEOs shown in Table 2.1 (p. 65). The data on the highest degree obtained are summarized in the SPSS printout below. Suppose you randomly select five of the CEOs (without replacement) and record the highest degree obtained by each.

a.What is the probability that the highest degree obtained by the first CEO you select is a bachelor’s degree?

b.Suppose the highest degree obtained by each of the first four CEOs you select is a bachelor’s degree. What is the probability that the highest degree obtained

by the fifth CEO you select is a bachelor’s degree?

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