Firm B Do Not Enter -20 Enter Enter 10 E Do Not 50 40 Enter The above figure shows the payoff to two airlines, A and B, of serving a particular route. If the two airlines must decide simultaneously, which one of the following statements is TRUE? Select one: O A. Since firm B has no dominant strategy, its decision is unpredictable. O B. Neither firm entering is a Nash equilibrium. OC. Since firm B's decision is unpredictable, firm A's decision is unpredictable. O D. Firm B will not enter because it knows firm A will. Firm A

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Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.