Finite Mathematics for the Managerial, Life, and Social Sciences-Custom Edition
11th Edition
ISBN: 9781305283831
Author: Tan
Publisher: Cengage Learning
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Textbook Question
Chapter 9.4, Problem 3E
In Exercises 1-8, determine the maximin and minimax strategies for each two-person, zero-sum matrix game.
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Solve the matrix game M, indicating the optimal strategies P and Q for row player R and column player C, respectively, and the value v of the game. (First determine if the game is strictly or
nonstrictly determined.)
M=
P* =
-3 2
3 -2
(Type an integer or simplified fraction for each matrix element.)
C
Solve the
game
whose
pay off matrix is given below:
Player B
B,
B2
A,
2
2
Player A
A2
-4
-1
-2
3
-3
B,
1.
d) Solve the following game for optimum strategies and the value of the game given the
following matrix;
Player A
18
6
11
7
Player B
4
6 4
2 13 7
5 17
3
6 12 2
Chapter 9 Solutions
Finite Mathematics for the Managerial, Life, and Social Sciences-Custom Edition
Ch. 9.1 - What is a finite stochastic process? What can you...Ch. 9.1 - Prob. 2CQCh. 9.1 - Consider a transition matrix T for a Markov chain...Ch. 9.1 - Prob. 1ECh. 9.1 - Prob. 2ECh. 9.1 - Prob. 3ECh. 9.1 - Prob. 4ECh. 9.1 - Prob. 5ECh. 9.1 - Prob. 6ECh. 9.1 - Prob. 7E
Ch. 9.1 - Prob. 8ECh. 9.1 - Prob. 9ECh. 9.1 - In Exercises 1-10, determine which of the matrices...Ch. 9.1 - Prob. 11ECh. 9.1 - Prob. 12ECh. 9.1 - Prob. 13ECh. 9.1 - Prob. 14ECh. 9.1 - Prob. 15ECh. 9.1 - In Exercises 1518, find X2 the probability...Ch. 9.1 - Prob. 17ECh. 9.1 - Prob. 18ECh. 9.1 - Prob. 19ECh. 9.1 - Prob. 20ECh. 9.1 - Political Polls: Morris Polling conducted a poll 6...Ch. 9.1 - Commuter Trends: In a large metropolitan area, 20...Ch. 9.1 - Prob. 23ECh. 9.1 - Prob. 24ECh. 9.1 - Prob. 25ECh. 9.1 - MARKET SHARE OF AUTO MANUFACTURERES In a study of...Ch. 9.1 - Prob. 27ECh. 9.1 - Prob. 28ECh. 9.1 - In Exercises 29 and 30, determine whether the...Ch. 9.1 - Prob. 30ECh. 9.1 - Prob. 1TECh. 9.1 - Prob. 2TECh. 9.1 - Prob. 3TECh. 9.1 - Prob. 4TECh. 9.2 - Prob. 1CQCh. 9.2 - Prob. 2CQCh. 9.2 - Prob. 1ECh. 9.2 - Prob. 2ECh. 9.2 - Prob. 3ECh. 9.2 - Prob. 4ECh. 9.2 - Prob. 5ECh. 9.2 - Prob. 6ECh. 9.2 - Prob. 7ECh. 9.2 - Prob. 8ECh. 9.2 - Prob. 9ECh. 9.2 - Prob. 10ECh. 9.2 - Prob. 11ECh. 9.2 - Prob. 12ECh. 9.2 - Prob. 13ECh. 9.2 - Prob. 14ECh. 9.2 - Prob. 15ECh. 9.2 - Prob. 16ECh. 9.2 - Prob. 17ECh. 9.2 - COMMUTER TRENDS Within a large metropolitan area,...Ch. 9.2 - Prob. 19ECh. 9.2 - PROFESSIONAL WOMEN From data compiled over a...Ch. 9.2 - Prob. 21ECh. 9.2 - Prob. 22ECh. 9.2 - NETWORK NEWS VIEWERSHIP A television poll was...Ch. 9.2 - Prob. 24ECh. 9.2 - GENETICS In a certain species of roses, a plant...Ch. 9.2 - Prob. 26ECh. 9.2 - Prob. 27ECh. 9.2 - Prob. 28ECh. 9.2 - Prob. 29ECh. 9.2 - Prob. 1TECh. 9.2 - Prob. 2TECh. 9.2 - Prob. 3TECh. 9.3 - What is an absorbing stochastic matrix?Ch. 9.3 - Prob. 2CQCh. 9.3 - Prob. 1ECh. 9.3 - Prob. 2ECh. 9.3 - Prob. 3ECh. 9.3 - Prob. 4ECh. 9.3 - Prob. 5ECh. 9.3 - Prob. 6ECh. 9.3 - Prob. 7ECh. 9.3 - Prob. 8ECh. 9.3 - Prob. 9ECh. 9.3 - Prob. 10ECh. 9.3 - Prob. 11ECh. 9.3 - In Exercises 9-14, rewrite each absorbing...Ch. 9.3 - Prob. 13ECh. 9.3 - Prob. 14ECh. 9.3 - Prob. 15ECh. 9.3 - Prob. 16ECh. 9.3 - Prob. 17ECh. 9.3 - Prob. 18ECh. 9.3 - Prob. 19ECh. 9.3 - Prob. 20ECh. 9.3 - Prob. 21ECh. 9.3 - Prob. 22ECh. 9.3 - Prob. 23ECh. 9.3 - Prob. 24ECh. 9.3 - Prob. 25ECh. 9.3 - Prob. 26ECh. 9.3 - GAME OF CHANCE Refer to Exercise 26. Suppose Diane...Ch. 9.3 - Prob. 28ECh. 9.3 - COLLEGE GRADUATION RATE The registrar of...Ch. 9.3 - Prob. 30ECh. 9.3 - GENETICS Refer to Example 4. If the offspring are...Ch. 9.3 - Prob. 32ECh. 9.3 - Prob. 33ECh. 9.4 - a. What is the maximin strategy for the row player...Ch. 9.4 - Prob. 2CQCh. 9.4 - Prob. 1ECh. 9.4 - In Exercises 1-8, determine the maximin and...Ch. 9.4 - In Exercises 1-8, determine the maximin and...Ch. 9.4 - Prob. 4ECh. 9.4 - Prob. 5ECh. 9.4 - In Exercises 1-8, determine the maximin and...Ch. 9.4 - Prob. 7ECh. 9.4 - Prob. 8ECh. 9.4 - Prob. 9ECh. 9.4 - In Exercises 9-18, determine whether the...Ch. 9.4 - In Exercises 9-18, determine whether the...Ch. 9.4 - Prob. 12ECh. 9.4 - Prob. 13ECh. 9.4 - Prob. 14ECh. 9.4 - Prob. 15ECh. 9.4 - Prob. 16ECh. 9.4 - Prob. 17ECh. 9.4 - Prob. 18ECh. 9.4 - GAME OF MATCHING FINGERS Robin and Cathy play a...Ch. 9.4 - Prob. 20ECh. 9.4 - Prob. 21ECh. 9.4 - Prob. 22ECh. 9.4 - MARKET SHARE: Rolands Barber Shop and Charleys...Ch. 9.4 - In Exercises 24-26, determine whether the...Ch. 9.4 - Prob. 25ECh. 9.4 - Prob. 26ECh. 9.5 - Prob. 1CQCh. 9.5 - Prob. 2CQCh. 9.5 - Prob. 1ECh. 9.5 - Prob. 2ECh. 9.5 - Prob. 3ECh. 9.5 - Prob. 4ECh. 9.5 - In Exercises 1-6, the payoff matrix and strategies...Ch. 9.5 - Prob. 6ECh. 9.5 - Prob. 7ECh. 9.5 - Prob. 8ECh. 9.5 - The payoff matrix for a game is [332311121] a....Ch. 9.5 - Prob. 10ECh. 9.5 - Prob. 11ECh. 9.5 - Prob. 12ECh. 9.5 - In Exercises 11-16, find the optimal strategies, P...Ch. 9.5 - Prob. 14ECh. 9.5 - Prob. 15ECh. 9.5 - Prob. 16ECh. 9.5 - COIN-MATCHING GAME Consider the coin-matching game...Ch. 9.5 - INVESTMENT STRATEGIES As part of their investment...Ch. 9.5 - INVESTMENT STRATEGIES The Maxwells have decided to...Ch. 9.5 - CAMPAIGN STRATEGIES Bella Robinson and Steve...Ch. 9.5 - MARKETING STRATEGIES Two dentists, Lydia Russell...Ch. 9.5 - Prob. 22ECh. 9.5 - Prob. 23ECh. 9.CRQ - Prob. 1CRQCh. 9.CRQ - Prob. 2CRQCh. 9.CRQ - Fill in the blanks. The probabilities in a Markov...Ch. 9.CRQ - Fill in the blanks. A transition matrix associated...Ch. 9.CRQ - Prob. 5CRQCh. 9.CRQ - Prob. 6CRQCh. 9.CRQ - Prob. 7CRQCh. 9.CRQ - Prob. 8CRQCh. 9.CRQ - Prob. 9CRQCh. 9.CRQ - Prob. 10CRQCh. 9.CRE - Prob. 1CRECh. 9.CRE - Prob. 2CRECh. 9.CRE - Prob. 3CRECh. 9.CRE - Prob. 4CRECh. 9.CRE - Prob. 5CRECh. 9.CRE - Prob. 6CRECh. 9.CRE - In Exercises 7-10, determine whether the matrix is...Ch. 9.CRE - Prob. 8CRECh. 9.CRE - Prob. 9CRECh. 9.CRE - Prob. 10CRECh. 9.CRE - In Exercises 11-14, find the steady-state matrix...Ch. 9.CRE - Prob. 12CRECh. 9.CRE - Prob. 13CRECh. 9.CRE - Prob. 14CRECh. 9.CRE - Prob. 15CRECh. 9.CRE - Prob. 16CRECh. 9.CRE - Prob. 17CRECh. 9.CRE - Prob. 18CRECh. 9.CRE - Prob. 19CRECh. 9.CRE - Prob. 20CRECh. 9.CRE - Prob. 21CRECh. 9.CRE - Prob. 22CRECh. 9.CRE - Prob. 23CRECh. 9.CRE - Prob. 24CRECh. 9.CRE - Prob. 25CRECh. 9.CRE - Prob. 26CRECh. 9.CRE - Prob. 27CRECh. 9.CRE - Prob. 28CRECh. 9.CRE - Prob. 29CRECh. 9.CRE - OPTIMIZING DEMAND The management of a divison of...Ch. 9.BMO - The transition matrix for a Markov process is...Ch. 9.BMO - Prob. 2BMOCh. 9.BMO - Prob. 3BMOCh. 9.BMO - Prob. 4BMOCh. 9.BMO - The payoff matrix for a certain game is A=[213234]...Ch. 9.BMO - Prob. 6BMO
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- If two perfectly rational players play the following zero-sum matrix games, what strategies will they use? 5 4 3 (a) 0 6 1 4 7] 6 2 0 (b) |2 5 (c) |1 11 3 6 4 3 7 9 5 6.arrow_forwardDetermine whether the two-person, zero-sum matrix game is strictly determined. 2 0 -5 Yes, it is strictly determined. O No, it is not strictly determined. If the game is strictly determined, answer the following. (If the game is not strictly determined, enter DNE for each.) (a) Find the saddle point of the game. (b) Find the optimal strategy for each player. The optimal strategy for the row player is to play row The optimal strategy for the column player is to play column (c) Find the value of the game. (d) Determine whether the game favors one player over the other. O It favors the row player. O It favors the column player. O It is fair. O It is not strictly determined. (DNE)arrow_forwardSolve the matrix game M, indicating the optimal strategies P and Q for row player R and column player C, respectively, and the value v of the game. (First determine if the game is strictly or nonstrictly determined.) 5-7 10 M= -5-8 0 7 3 -7 COOR P=(Type an integer or simplified fraction for each matrix element)arrow_forward
- 9. Solve the matrix game M, indicating the optimal strategies P*and Q*for row player R and column player C, respectively, and the value v of the game. (First determine if the game is strictly or nonstrictly determined. P*=________ (Type an integer or simplified fraction for each matrix element.) Q*= _____________ (Type an integer or simplified fraction for each matrix element.) v=arrow_forwardSolve the matrix game, indicating optimal strategies P*and Q* for R and C, respectively, and the value v of the game. (First determine if the game is strictly or nonstrictly determined.) M = 7 3 8 −8 P*=_______ (Type an integer or simplified fraction for each matrix element.)arrow_forwardSolve the matrix game, indicating optimal strategies P* and Q* for R and C, respectively, and the value v of the game. (First determine if the game is strictly or nonstrictly determined.) M= -1 3 9 -27 P* = ______ (Type an integer or simplified fraction for each matrix element.) Q*= ______ (Type an integer or simplified fraction for each matrix element.) v= ________ (Simplify your answer.)arrow_forward
- b) Consider the following game matrix: -10 -2 -1 7 -5 20 -10-10 7 -1 2 7 -10 7 -1 -10 Determine optimal mixed strategies to each player and give the value of the game. -1 7 -20 -10 -1 2-10 7 -5 20 -1 -1arrow_forwardDetermine whether the two-person, zero-sum matrix game is strictly determined. 3 −4 0 −1 4 1 0 4 −1 2 −4 2 −2 −4 −1 4 Yes, it is strictly determined.No, it is not strictly determined. If the game is strictly determined, answer the following. (If the game is not strictly determined, enter DNE for each.) (a) Find the saddle point of the game.(b) Find the optimal strategy for each player. The optimal strategy for the row player is row .The optimal strategy for the column player is column . (c) Find the value of the game.arrow_forwardDetermine the maximin and minimax strategies for the two-person, zero-sum matrix game. -3 2 -33] 4 5 The row player's maximin strategy is to play row The column player's minimax strategy is to play columnarrow_forward
- Using the information below to create the initial simplex matrix. Assume all variables are nonnegative.Maximize f=27x1+10x2 subject to2x1+15x2≤452x1+8x2≤55x1≥0x2≥0arrow_forwardx and value of the original matrix game. In fractions please.....arrow_forwardRobin and Cathy play a game of matching fingers. On a predetermined signal, both players simultaneously extend 1, 2, or 3 fingers from a closed fist. If the sum of the number of fingers extended is even, then Robin receives an amount in dollars equal to that sum from Cathy. If the sum of the numbers of fingers extended is odd, then Cathy receives an amount in dollars equal to that sum from Robin. (a) Construct the payoff matrix for the game. (Assume Robin is the row player and Cathy is the column player.) 1 2 3 1 2 3 (b) Find the maximin and the minimax strategies for Robin and Cathy, respectively. The maximin strategy for Robin is to play row .The minimax strategy for Cathy is to play column . (c) Is the game strictly determined? YesNo If the answer to part (c) is yes, what is the value of the game? (If it is not strictly determined, enter DNE.)arrow_forward
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