A and B students are vying for the final battle in the National IE Strategy game. A
Question:
A and B students are vying for the final battle in the National IE Strategy game. A students have formulated four strategies on how to win over B students while B students, being confident, only agreed on three strategies that can win them against A students.
Below are the payoff (in terms of scores) table drawn after identifying they group strategies.
a) What type of game is being played by the two schools?
b) What are the limits of the value of the game? _____ ______
c) What A strategy is a considered as inferior? Answer A, B, C, or D. Which strategy eliminated the inferior strategy?
d. What B strategy is connsidered as inferior? Answer X, Y or Z. Which strategy eliminated the inferior strategy?
e) Which player is the basis of your graphical analysis? Answer A or B.
f) What two pure strategies of A resulted to form part of the feasible solution for B? Answer A, C, or D.
g) What is the probability that B will use Strategy Y? Answer in 3 decimal places.
h) What is the probability that B will use Strategy Z? Answer in 3 decimal places.
i) What is the probability that A will use Strategy D? Answer in 3 decimal places.
j) What is the probability that A will use Strategy C? Answer in 3 decimal places.
k) What is the probability that A will use Strategy A?
l) What is the value of the game? Answer in 2 decimal places.
m) Who wins the game? A or B?
Business Statistics
ISBN: 978-0321925831
3rd edition
Authors: Norean Sharpe, Richard Veaux, Paul Velleman