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The "Prisoner's Dilemma" was the gateway to the strategic viewpoint of game theory. In this assignment, you will explore the applications of game theory to economic business decisions.
Use the following information to ensure successful completion of the assignment:
Include scholarly resources with appropriate references and in-text citations.Prepare this assignment according to the APA guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.In a paper of 1,200-1400 words, discuss how game theory is being applied to business decisions. Include the following:
A brief overview of game theory.A description of the economic implications of game theory.A description of how game theory is being applied in making business decisions.
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Three students, Jim, Joan, and Jethroe are registered for the same class and attend independently to each other, Jim 95.7% of the time, Joan 92.3% of the time, and Jethroe 82.8% of the time. What is the probability that on any given day:
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What is the total transportation cost if each of the four sites should be selected - White site should be selected to locate the next cannery?
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