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Game Theory
It is used to find out the optimum strategy in a competitive condition,While two or more competitors are engaged in making decisions, this may occupy conflict of interest. In that a case the outcome depends not only upon an individual's action although also upon the action of others. Both competing sides face a same problem. Thus game theory is a science of conflict
Game theory does not concern itself along with finding an optimum strategy however it helps to improve the decision process.Game theory has been utilized in business and industry to develop bidding tactics, advertising strategies, pricing policies, and timing of the introduction of new models in the market and so on.
It refers to the ratio of the explained variation to the total variation and is utilized to measure the strength of the linear relationship. The stronger the linear relationship th
In this case, the first point we have to remember is that we do not get a single value when we add two or more terms which are unlike in nature. This certainly ob
A sample of students had a mean age of 35 years along with a standard deviation of 5 years. A student was randomly picked from a group of 200 students. Determine the probability
DECISION THEORY People constantly make decisions in their private lives as well as in their work. Some decisions are qualitative in terms of their implications and signi
At rest, the human heart beats once every second. At the strongest part of the beat, a person's blood pressure peaks at 120mmHg. At the most relaxed part of the beat, a person's bl
If p=10 when q=2,find p when q=5
The temperature at midnight was 4°F. Through 2 A.M. it had dropped 9°F. What was the temperature at 2 A.M.? If the temperature is only 4° and drops 9°, it goes below zero. It d
The area of a rectangular yard is 480 square feet. The yard is 24 feet wide. How many feet do I need to fence all four sides?
why minimum three coplanar vectors are required to give zero resultant and not two?
Question. Determine the position and nature of stationary points of the function? f(x,y)= y/x -x 2 +y 2
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