VIT IVOTES ASK YOUR TEACHER Your Abercrom B men's fashion outlet has a 30% chance of launching an expensive new line of used auto-mechanic dungarees (complete with grease stains) and a 70% chance of staying instead with its traditional torn military-style dungarees. Your rival across from you in the mall, Abercrom A, appears to be deciding between a line of torn gym shirts and a more daring line of "empty shirts" (that is, empty shirt boxes). Your corporate spies reveal that there is a 20% chance that Abercrom A will opt for the empty shirt option. The payoff matrix below gives the number of customers your outlet can expect to gain from Abercrom A in each situation. Abercrom A Torn Shirts Empty Shirts Mechanics Abercrom B 10 -40 Military -30 40 What is the expected resulting effect on your customer base?

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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ASK YOUR TEACHER
Your Abercrom B men's fashion outlet has a 30% chance of launching an expensive new line of used auto-mechanic dungarees (complete with grease stains) and a 70% chance of staying instead
with its traditional torn military-style dungarees. Your rival across from you in the mall, Abercrom A, appears to be deciding between a line of torn gym shirts and a more daring line of "empty shirts"
(that is, empty shirt boxes). Your corporate spies reveal that there is a 20% chance that Abercrom A will opt for the empty shirt option. The payoff matrix below gives the number of customers your
outlet can expect to gain from Abercrom A in each situation.
Abercrom A
Torn Shirts Empty Shirts
Mechanics
10
-40
Abercrom B
Military
-30
40
What is the expected resulting effect on your customer base?
-800
Transcribed Image Text:ASK YOUR TEACHER Your Abercrom B men's fashion outlet has a 30% chance of launching an expensive new line of used auto-mechanic dungarees (complete with grease stains) and a 70% chance of staying instead with its traditional torn military-style dungarees. Your rival across from you in the mall, Abercrom A, appears to be deciding between a line of torn gym shirts and a more daring line of "empty shirts" (that is, empty shirt boxes). Your corporate spies reveal that there is a 20% chance that Abercrom A will opt for the empty shirt option. The payoff matrix below gives the number of customers your outlet can expect to gain from Abercrom A in each situation. Abercrom A Torn Shirts Empty Shirts Mechanics 10 -40 Abercrom B Military -30 40 What is the expected resulting effect on your customer base? -800
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