Finite Mathematics for Business, Economics, Life Sciences and Social Sciences
14th Edition
ISBN: 9780134677972
Author: Barnett
Publisher: PEARSON
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Textbook Question
Chapter 11.1, Problem 9E
In Problems 9-16, the matrix for a strictly determined game is given. Find the value of the game. Is the game fair?
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2.)A jar contains 2 red, 3 green, and 6 blue marbles. In a game a player closes their eyes, reaches into the jar and randomly chooses two marbles. The player wins the game if at least one of their marbles is red. Suppose it costs $1 to play the game and the winning prize is $3. Mathematically analyze this game and determine if it is in your financial interest to play the game.
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5 4 3
(a)
0 6 1
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(c) |1
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Chapter 11 Solutions
Finite Mathematics for Business, Economics, Life Sciences and Social Sciences
Ch. 11.1 - Suppose that a and k are both saddle values of the...Ch. 11.1 - Repeat Example 1 for the HDTV game matrix...Ch. 11.1 - Determine which of the matrix games below are...Ch. 11.1 - In Problems 1-8, is the matrix game strictly...Ch. 11.1 - In Problems 1-8, is the matrix game strictly...Ch. 11.1 - In Problems 1-8, is the matrix game strictly...Ch. 11.1 - In Problems 1-8, is the matrix game strictly...Ch. 11.1 - In Problems 1-8, is the matrix game strictly...Ch. 11.1 - In Problems 1-8, is the matrix game strictly...Ch. 11.1 - In Problems 1-8, is the matrix game strictly...
Ch. 11.1 - In Problems 1-8, is the matrix game strictly...Ch. 11.1 - In Problems 9-16, the matrix for a strictly...Ch. 11.1 - In Problems 9-16 , the matrix for a strictly...Ch. 11.1 - In Problems 9-16, the matrix for a strictly...Ch. 11.1 - In Problems 9-16, the matrix for a strictly...Ch. 11.1 - In Problems 9-16, the matrix for a strictly...Ch. 11.1 - In Problems 9-16, the matrix for a strictly...Ch. 11.1 - In Problems 9-16, the matrix for a strictly...Ch. 11.1 - In Problems 9-16, the matrix for a strictly...Ch. 11.1 - Prob. 17ECh. 11.1 - Prob. 18ECh. 11.1 - Prob. 19ECh. 11.1 - Prob. 20ECh. 11.1 - Prob. 21ECh. 11.1 - Prob. 22ECh. 11.1 - Prob. 23ECh. 11.1 - Prob. 24ECh. 11.1 - Prob. 25ECh. 11.1 - Prob. 26ECh. 11.1 - Prob. 27ECh. 11.1 - Prob. 28ECh. 11.1 - Prob. 29ECh. 11.1 - Prob. 30ECh. 11.1 - Prob. 31ECh. 11.1 - Prob. 32ECh. 11.1 - For the matrix game of Problem 31, would you...Ch. 11.1 - For the matrix game of Problem 32, would you...Ch. 11.1 - In Problems 35-40, discuss the validity of each...Ch. 11.1 - In Problems 35-40, discuss the validity of each...Ch. 11.1 - In Problems 35-40, discuss the validity of each...Ch. 11.1 - In Problems 35-40, discuss the validity of each...Ch. 11.1 - In Problems 35-40, discuss the validity of each...Ch. 11.1 - In Problems 35-40, discuss the validity of each...Ch. 11.1 - Is there a value of m such that the following is...Ch. 11.1 - Prob. 42ECh. 11.1 - Price war a small town on a major highway has only...Ch. 11.1 - Investment Suppose that you want to invest $10,000...Ch. 11.1 - Store location two competitive pet shops want to...Ch. 11.1 - Store location Two competing auto parts companies...Ch. 11.2 - Let M=abcd (A) Show that if the row minima belong...Ch. 11.2 - (A) Using Theorem 4, give conditions on a,b,c, and...Ch. 11.2 - Solve the following version of the two-finger...Ch. 11.2 - Solve the matrix game: M=112324113Ch. 11.2 - In Problems 1-8, calculate the matrix product. (If...Ch. 11.2 - In Problems 1-8, calculate the matrix product. (If...Ch. 11.2 - In Problems 1-8, calculate the matrix product. (If...Ch. 11.2 - In Problems 1-8, calculate the matrix product. (If...Ch. 11.2 - In Problems 1-8, calculate the matrix product. (If...Ch. 11.2 - In Problems 1-8, calculate the matrix product. (If...Ch. 11.2 - In Problems 1-8, calculate the matrix product. (If...Ch. 11.2 - In Problems 1-8, calculate the matrix product. (If...Ch. 11.2 - In Problems 9-18, which rows and columns of the...Ch. 11.2 - In Problems 9-18, which rows and columns of the...Ch. 11.2 - In Problems 9-18, which rows and columns of the...Ch. 11.2 - In Problems 9-18, which rows and columns of the...Ch. 11.2 - In Problems 9-18, which rows and columns of the...Ch. 11.2 - In Problems 9-18, which rows and columns of the...Ch. 11.2 - In Problems 9-18, which rows and columns of the...Ch. 11.2 - In Problems 9-18, which rows and columns of the...Ch. 11.2 - In Problems 9-18, which rows and columns of the...Ch. 11.2 - In Problems 9-18, which rows and columns of the...Ch. 11.2 - Solve the matrix games in Problems 19-32,...Ch. 11.2 - Solve the matrix games in Problems 19-32,...Ch. 11.2 - Solve the matrix games in Problems 19-32,...Ch. 11.2 - Solve the matrix games in Problems 19-32,...Ch. 11.2 - Solve the matrix games in Problems 19-32,...Ch. 11.2 - Solve the matrix games in Problems 19-32,...Ch. 11.2 - Solve the matrix games in Problems 19-32,...Ch. 11.2 - Solve the matrix games in Problems 19-32,...Ch. 11.2 - Solve the matrix games in Problems 19-32,...Ch. 11.2 - Solve the matrix games in Problems 19-32,...Ch. 11.2 - Solve the matrix games in Problems 19-32,...Ch. 11.2 - Solve the matrix games in Problems 19-32,...Ch. 11.2 - Solve the matrix games in Problems 19-32,...Ch. 11.2 - Solve the matrix games in Problems 19-32,...Ch. 11.2 - In Problems 33-38, discuss the validity of each...Ch. 11.2 - In Problems 33-38, discuss the validity of each...Ch. 11.2 - In Problems 33-38, discuss the validity of each...Ch. 11.2 - In Problems 33-38, discuss the validity of each...Ch. 11.2 - In Problems 33-38, discuss the validity of each...Ch. 11.2 - In Problems 33-38, discuss the validity of each...Ch. 11.2 - You R and a friend C are playing the following...Ch. 11.2 - You R and a friend C are playing the following...Ch. 11.2 - For M=abcdP=p1p2Q=q1q2 Show that PMQ=EP,QCh. 11.2 - Using the fundamental theorem of game theory,...Ch. 11.2 - Show non strictly that the determined solution...Ch. 11.2 - Show that if a 22 matrix game has a saddle value,...Ch. 11.2 - Explain how to construct a 22 matrix game M for...Ch. 11.2 - Explain how to construct a 22 matrix game M for...Ch. 11.2 - In Problems 47 and 48, derive the formulas of...Ch. 11.2 - In Problems 47 and 48, derive the formulas of...Ch. 11.2 - Bank promotion A town has only two banks, bank R...Ch. 11.2 - Viewer ratings A city has two competitive...Ch. 11.2 - Investment You have inherited $10,000 just prior...Ch. 11.2 - Corporate farming For a one-time play...Ch. 11.3 - Show that M=1132 is a strictly determined matrix...Ch. 11.3 - Solve the following matrix game using geometric...Ch. 11.3 - In problem 1-6, find the smallest integer k0 such...Ch. 11.3 - In problem 1-6, find the smallest integer k0 such...Ch. 11.3 - In problem 1-6, find the smallest integer k0 such...Ch. 11.3 - In problem 1-6, find the smallest integer k0 such...Ch. 11.3 - In problem 1-6, find the smallest integer k0 such...Ch. 11.3 - In problem 1-6, find the smallest integer k0 such...Ch. 11.3 - In problem 7-12, solve the matrix game using a...Ch. 11.3 - In problem 7-12, solve the matrix game using a...Ch. 11.3 - In problem 7-12, solve the matrix game using a...Ch. 11.3 - In problem 7-12, solve the matrix game using a...Ch. 11.3 - In problem 7-12, solve the matrix game using a...Ch. 11.3 - In problem 7-12, solve the matrix game using a...Ch. 11.3 - Is there a better way to solve the matrix game in...Ch. 11.3 - Is there a better way to solve the matrix game in...Ch. 11.3 - Explain why the value of a matrix game is positive...Ch. 11.3 - Explain why the value of a matrix game is negative...Ch. 11.3 - In Problem 17-20, discuss the validity of each...Ch. 11.3 - In Problem 17-20, discuss the validity of each...Ch. 11.3 - In Problem 17-20, discuss the validity of each...Ch. 11.3 - In Problem 17-20, discuss the validity of each...Ch. 11.3 - In Problems 21-24 remove recessive rows and...Ch. 11.3 - In Problems 21-24 remove recessive rows and...Ch. 11.3 - In Problems 21-24 remove recessive rows and...Ch. 11.3 - In Problems 21-24 remove recessive rows and...Ch. 11.3 - (A) Let P and Q be strategies for the 22 matrix...Ch. 11.3 - Use properties of matrix addition and...Ch. 11.3 - Solve the matrix games in problems 27-30 by using...Ch. 11.3 - Solve the matrix games in problems 27-30 by using...Ch. 11.3 - Solve the matrix games in problems 27-30 by using...Ch. 11.3 - Solve the matrix games in problems 27-30 by using...Ch. 11.4 - Outline a procedure for solving the 45 matrix game...Ch. 11.4 - Suppose that the investor in Example 1 wishes to...Ch. 11.4 - In Problems 1-4, solve each matrix game 140012Ch. 11.4 - In Problems 1-4, solve each matrix game. 112201Ch. 11.4 - In Problems 1-4, solve each matrix game. 012103230Ch. 11.4 - In Problems 1-4, solve each matrix game. 120012201Ch. 11.4 - In Problems 5-8, outline a procedure for solving...Ch. 11.4 - In Problems 5-8, outline a procedure for solving...Ch. 11.4 - In Problems 5-8, outline a procedure for solving...Ch. 11.4 - In Problems 5-8, outline a procedure for solving...Ch. 11.4 - Scissors, paper ,stone game This game is well...Ch. 11.4 - Player R has a $2, a $5,and a $10 bill. Player C...Ch. 11.4 - Headphone sales. A department store chain is about...Ch. 11.4 - Tour agency A tour agency organizes standard and...Ch. 11 - In Problems 1 and 2, is the matrix game strictly...Ch. 11 - In Problems 1 and 2, is the matrix game strictly...Ch. 11 - In Problems 3-8, determine the value V of the...Ch. 11 - In Problems 3-8, determine the value V of the...Ch. 11 - In Problems 3-8, determine the value V of the...Ch. 11 - In Problems 3-8, determine the value V of the...Ch. 11 - In Problems 3-8, determine the value V of the...Ch. 11 - In Problems 3-8, determine the value V of the...Ch. 11 - Prob. 9RECh. 11 - Prob. 10RECh. 11 - Prob. 11RECh. 11 - Prob. 12RECh. 11 - Delete as many recessive rows and columns as...Ch. 11 - Problems 14-17 refer to the matrix game: M=2101...Ch. 11 - Problems 14-17 refer to the matrix game: M=2101...Ch. 11 - Problems 14-17 refer to the matrix game: M=2101...Ch. 11 - Problems 14-17 refer to the matrix game: M=2101...Ch. 11 - In Problems 18-21, discuss the validity of each...Ch. 11 - In Problems 18-21, discuss the validity of each...Ch. 11 - In Problems 18-21, discuss the validity of each...Ch. 11 - In Problems 18-21, discuss the validity of each...Ch. 11 - In Problems 22-26, solve each matrix game (first...Ch. 11 - In Problems 22-26, solve each matrix game (first...Ch. 11 - In Problems 22-26, solve each matrix game (first...Ch. 11 - In Problems 22-26, solve each matrix game (first...Ch. 11 - In Problems 22-26, solve each matrix game (first...Ch. 11 - Does every strictly determined 22 matrix game have...Ch. 11 - Does every strictly determined 33 matrix game have...Ch. 11 - Finger game Consider the following finger game...Ch. 11 - Refer to Problem 29. Use linear programming and a...Ch. 11 - Agriculture A farmer decides each spring whether...Ch. 11 - Agriculture Refer to Problem 31. Use formulas from...Ch. 11 - Advertising A small town has two competing grocery...Ch. 11 - Advertising Refer to Problem 33. Use linear...
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