Answer:
The electrical action has the better expected monetary value with 492,000
Explanation:
We will multiply the expected outcome by their probability then, we add them to get the expected monetary value per option:
![\left[\begin{array}{ccccc}$WIND-UP&$Return&$Probability&$Weight\\$Light&325000&0.1&32500\\$Morerate&190000&0.3&57000\\$Heavy&170000&0.6&102000\\$Total&&1&191500\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bccccc%7D%24WIND-UP%26%24Return%26%24Probability%26%24Weight%5C%5C%24Light%26325000%260.1%2632500%5C%5C%24Morerate%26190000%260.3%2657000%5C%5C%24Heavy%26170000%260.6%26102000%5C%5C%24Total%26%261%26191500%5C%5C%5Cend%7Barray%7D%5Cright%5D)
![\left[\begin{array}{cccc}$PNEUMATIC&Return&Probability&Weight\\$Light&300000&0.1&30000\\$Morerate&420000&0.3&126000\\$Heavy&400000&0.6&240000\\$Total&&1&396000\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcccc%7D%24PNEUMATIC%26Return%26Probability%26Weight%5C%5C%24Light%26300000%260.1%2630000%5C%5C%24Morerate%26420000%260.3%26126000%5C%5C%24Heavy%26400000%260.6%26240000%5C%5C%24Total%26%261%26396000%5C%5C%5Cend%7Barray%7D%5Cright%5D)
![\left[\begin{array}{cccc}$Electrical&Return&Probability&Weight\\$Light&-600000&0.1&-60000\\$Morerate&240000&0.3&72000\\$Heavy&800000&0.6&480000\\$Total&&1&492000\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcccc%7D%24Electrical%26Return%26Probability%26Weight%5C%5C%24Light%26-600000%260.1%26-60000%5C%5C%24Morerate%26240000%260.3%2672000%5C%5C%24Heavy%26800000%260.6%26480000%5C%5C%24Total%26%261%26492000%5C%5C%5Cend%7Barray%7D%5Cright%5D)
Answer: Arbitrator
Explanation: In simple words, arbitrator refers to an individual who is officially appointed by the court to settle dispute between two parties. Both the parties have to agree to the decision made by the arbitrator and it is legally enforceable in the court as well.
Arbitration is a mechanism during which a conflict is settled by a neutral arbitrator whose judgment has been decided or declared by the respondents to the conflict will be definitive and binding. Testing and challenges of arbitration judgments are minimal.
Arbitration is regularly used in customer and employ ability issues in some nations such as United States, in which arbitration may be required by employment terms or legal agreements which can include an exemption of the chance to bring an allegation.
Employment is the act of working in exchange for an income.
Employment is a relationship between two parties,
usually based on a contract where work is paid for, where one
party, which may be a corporation, for profit, not-for-profit organization, co-operative or
other entity is the employer and the other is the employee.
Jan pays $70 each month for her auto insurance policy. This regular payment is called PREMIUM.
Premium is the payment made by the insured party to the insurer. It primary pays the insurer for bearing the risk of payout in the event that the insurance agreement coverage is needed. Premium payment may be monthly, quarterly, semi-annually, or annually.
Cognitive evaluation theory would question the use of money as a motivator because external motivational tools may lower intrinsic motivation because people will start working to get the reward, NOT because they are intrinsically motivated or challenged.
