Chapter7: Uncertainty
Section: Chapter Questions
Problem 7.3P
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![A 6-foot sub valued at $60 is divided among five players (P1, P2, P3, P4, P5) using the last diminisher method. The players play in a fixed order,
with P1 first, P2 second, and so on. In round 1, P1 makes the first cut and makes a claim on a C-piece. For each of the remaining players, the
value of the current C-piece at the time it is their turn is given in the following table:
Player 2
Value of current C-piece $13.00
Which player gets his or her share at the end of round 1?
What is the value of the share to the player receiving it?
O a
Ob
OC
Od
Player 3
$14.00
Player 2, value $12.00.
Player 3, value $12.00.
Player 3, value $14.00.
Player 2, $13.00.
Player 4
$7.00
Player 5
$11.00](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F15e0297a-cd2f-4355-a492-d6560e3adc8c%2F6860f7b0-245c-493c-aeac-5333e7ebc1ab%2F7v6yfl4_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A 6-foot sub valued at $60 is divided among five players (P1, P2, P3, P4, P5) using the last diminisher method. The players play in a fixed order,
with P1 first, P2 second, and so on. In round 1, P1 makes the first cut and makes a claim on a C-piece. For each of the remaining players, the
value of the current C-piece at the time it is their turn is given in the following table:
Player 2
Value of current C-piece $13.00
Which player gets his or her share at the end of round 1?
What is the value of the share to the player receiving it?
O a
Ob
OC
Od
Player 3
$14.00
Player 2, value $12.00.
Player 3, value $12.00.
Player 3, value $14.00.
Player 2, $13.00.
Player 4
$7.00
Player 5
$11.00
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