What’s the median and mean for his please tell me how do I put them in order and the procedure thank you
2 answers:
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Answer:
- 4/13 h ≈ 0.308 h
- 22 9/13 km ≈ 22.7 km
Step-by-step explanation:
Mary and Amaruk are starting 35 -15 = 20 km apart. Their closing speed is 40 +25 = 65 km/h. The time it will take to close the gap between them is ...
t = (20 km)/(65 km/h) = 20/65 h = 4/13 h ≈ 0.308 h
They will pass each other after 4/13 hours, about 18 minutes 28 seconds.
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In that time, Mary will have increased her distance from Hall Beach by ...
d = (4/13 h)(25 km/h) = 100/13 km = 7 9/13 km
Her distance from Hall Beach when she passes Amaruk will be ...
15 km + 7 9/13 km = 22 9/13 km ≈ 22.7 km . . . . . distance from Hall Beach
Answer:
a) attached below
b) ( T,T )
c) The Pure-strategy Nash equilibria are : ( N,E ) and ( E,N )
d) The mixed-strategy Nash equilibrium for Firm 1 = ( 1/3 , 0, 2/3 )
while the mixed -strategy Nash equilibrium for Firm 2 = ( 1/3 , 0, 2/3 )
Step-by-step explanation:
A) write down the game in matrix form
let: E = exit at the industry immediately
T = exit at the end of the quarter
N = exit at the end of the next quarter
matrix is attached below
B) weakly dominated strategies is ( T,T )
C) Find the pure-strategy Nash equilibria
The Pure-strategy Nash equilibria are : ( N,E ) and ( E,N )
D ) Find the unique mixed-strategy Nash equilibrium
The mixed-strategy Nash equilibrium for Firm 1 = ( 1/3 , 0, 2/3 )
while the mixed -strategy Nash equilibrium for Firm 2 = ( 1/3 , 0, 2/3 ) since T is weakly dominated then the mixed strategy will be NE
Assume that P is the probability of firm 1 exiting immediately ( E )
and q is the probability of firm 1 staying till next term ( N ) ∴ q = 1 - P.
hence the expected utility of firm 2 choosing E = 0 while the expected utility of choosing N = 4p - 2q .
The expected utilities of E and N to firm 2 =
0 = 4p - 2q = 4p - 2 ( 1-p) = 6p -2 which means : p = 1/3 , q = 2/3
The correct answer is option D
The solution is shown below:
The solution is shown below: