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Assume two Classmates A and B are assigned an extra group project. Each student can choose to Shirk or Work. If one or more players chooses Work, the project is completed and provides each with extra credit valued at 4 payoff units each. The cost of completing the project is that 6 total units of effort (measured in payoff units) is divided equally among all players who choose to Work and this is subtracted from their payoff. If both shirk, they do not have to expend any effort but the project is not completed, giving each a payoff of 0. The teacher can only tell whether the project is completed and not which student contributed to it.
(A.) Create a payoff matrix for this game assuming students choose to slack or work simultaneously.
(B.) Find the Nash equilibrium and explain why the result you found is a Nash equilibrium.
(C.) What type of game does this resemble? Explain how the outcome in b) can change
A scooter factory runs three assembly lines, A, B, and C. 98.9% of line A's scooters pass inspection, while only 97.8% of line B's scooters and 98.5% of line C's scooters pass inspection.
Assuming that the systolic blood pressures of deep sea divers are normally distributed, if the doctor wanted to test her research hypothesis at the .01 level of significance, what is the critical value?
Manuel is a high school basketball player. He is a 70% free throw shooter. That means his probability of making a free throw is 0.70. What is the probability that Manuel makes his first free throw on his fifth shot?
a) what is the probability that a randomly selected scooter passed inspection? b) what is the probability that if a randomly selected scooter did not pass inspection, it came from assembly line B?
Choose a variable from your own organization. describe how calculating a confidence interval from the results of a sample might be useful for learning more about the population statistics for that variable. Indicate whether you would be calculatin..
What is the present value of a perpetuity that begins payment 10 years from today. The first payment is $1000.
Nine randomly selected statistics quiz scores are listed below. Use a .10 level of significance to test the claim that the variance of all scores in the population is more than 9. 15,18,10,19,11,12,15,17,15
What is game theory? What is a Nash Equilibrium or Nash equilibriums in this game?
Could you, please, help me in developing a study that is business oriented, maybe trying to investigate at what point business owners start feeling like they dislike what they do and feel discouraged.
It costs each company Brokely $3,000 per period to use filters that avoid polluting the lake. However, each company must use the lake's water in production
Suppose that a pair of 14-sided dice are rolled (the sides are numbered 1-14 and yes, these do actually exist).
Suppose you are planning entering a market serviced through a monopolist. You currently receive $0 economic profits, while monopolist receives $5.
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