Answer: Please refer to Explanation
Explanation:
The Dominant Strategy in a game is the strategy that a player will choose that will provide them with the highest payoff regardless of what the other player does.
In the above, the dominant strategy will be for RAPHAEL to choose LEFT.
By choosing left Raphael makes a payoff of 4 if Susan picks Left as well and a Payoff of 6 if Sudan picks Right. This is better than him picking Right and he will get a Payoff of 3 if Susan chooses Right as well.
The Nash Equilibrium is the strategy where both are making the best that they can given the strategy of the other player and deviating from it will give them less pay out.
The dominant strategy therefore is for RAPHAEL to choose LEFT and for SUSAN to choose RIGHT.
This is because Raphael will pick Left as it maximises their payoff and Susan will then pick a strategy that gives her the highest payoff based on Raphael's decision which is to go RIGHT.
The coordinates of point M after the partition is (2, 3.25).
<h3>
What are coordinates and how to determine coordinates?</h3>
- A coordinate system in geometry is a system that uses one or more integers, or coordinates, to define the position of points or other geometric components on a manifold such as Euclidean space.
We have:
- Endpoints = (-1,1) and (7,7)
- Ratio, m : n = 3 : 5
The coordinates of point M is then calculated using:
So, we have:
Evaluate the sum and the product:
Evaluate the product:
The coordinates of point M is (2, 3.25)
Therefore, the coordinates of point M after the partition is (2, 3.25).
Know more about coordinates here:
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Answer:
Preferred stocks
Explanation:
Preferred stocks are those that must be paid dividends first than common stock. The same thing happens in case of bankruptcy: preffered stock holders get paid first than common stock holders, although both are paid after bondholders.
The downside of preferred stocks is that they do not transfer control in the company. While common stock owners have the right to vote in company matters, preferred stock owners do not have that right.
