Answer:
a. The two players playing the game
b. No dominant strategy
c. No equilibrium
Step-by-step explanation:
a. The players are the two people playing the game of matching pennies
The strategy of the players are to meet the conditions of them keeping the pennies by having either heads or tails
The payoff of the game are as follows;
Player A keeps the two pennies when the outcome matches
Player B keeps the two pennies when the outcome does not match
The payoff of the game are as follows;
Player A
Head Tails
Player B Head 1, -1 -1, 1
Tails -1 1 1, -1
Where:
x, y
x = Player A
y = Player B
1 = Getting to keep the two pennies
-1 = Losing a penny
b. There are no best strategy because the game is one of chance whereby the result of the strategy of one player depends on the side of the penny facing up by the other player.
c. There is no equilibrium as the possible outcomes are equal hence the outcomes can be even or one sided.
Answer:
Step-by-step explanation:
I believe its because anything above 5 is rounded up, 7 rounded up is 8 and how I was taught is if its a number (this case its 751,447) the 7 in it would round to 8 causing all the other numbers to go up as well causing the 800,000 >.< I
First, multiply each side by 5
6(x+1) = 25x-15
distribute the 6
6x+6=25x-15
put the x's on the same side and the other numbers on the opposite side
21=19x
Divide by 19 to isolate the x
21/19=x
