A common way for two people to settle a frivolous dispute is to play a game...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
A common way for two people to settle a frivolous dispute is to play a game of rock-paper-scissors. In this game, each person simultaneously displays a hand signal to indicate a rock, a piece of paper, or a pair of scissors. Rock beats scissors, scissors beats paper, and paper beats rock. If both players select the same hand signal, the game results in a tie. On a given evening, two roommates, roommate A and roommate B, are arguing over who should control the television remote. Roommate A suggests a game of rock-paper-seissors to settle the dispute. Scissors beats paper Paper beats rock Rock beats scissors It's the first time that the roommates have played each other in rock-paper-scissors, so there is no history of the choices made by either roommate. However, roommate A thinks that the three possibilities for his roommate's choice of hand signal are not equally likely. Based on his roommate's behavior in other similar games, roommate A believes that there is a 0.28 probability that his roommate will choose rock and a 0.61 probability that his roommate will choose paper. The probabilities are assigned using the Poduction to Probability Suppose that roommate A's probability assignments are correct. What can you say about P( S ), the probability that roommate B chooses scissors? Check all that apply. O P(Sa ) = 0.11 OO S P( S ) s 0.1 D1 P( Sp ) s 2 O P( SB) = 0.13 OOS P( Sa ) s 1 Assume that roommate A's probability assignments are correct. Roommate A would like to use the hand signal with the highest probability af winning the game. What would you advise roommate A to use? You can simulate a play of the game by basing the game's result on roommate A's probability assignments. That is, the chance that roommate B chooses rock is P(Rn ), the chance that he chooses paper is P(Pa ), and the chance that he chooses scissors is P(Sp ), where P(Rp ), P( P ). and P( Sn ) have been previously determined. Okay, play it now! (Click the blue PLAYI icon to reveal roommate B's choice.) PLAYI the game. If roommate A took the advice to choose the highest probability of winning, then roommate A A common way for two people to settle a frivolous dispute is to play a game of rock-paper-scissors. In this game, each person simultaneously displays a hand signal to indicate a rock, a piece of paper, or a pair of scissors. Rock beats scissors, scissors beats paper, and paper beats rock. If both players select the same hand signal, the game results in a tie. On a given evening, two roommates, roommate A and roommate B, are arguing over who should control the television remote. Roommate A suggests a game of rock-paper-seissors to settle the dispute. Scissors beats paper Paper beats rock Rock beats scissors It's the first time that the roommates have played each other in rock-paper-scissors, so there is no history of the choices made by either roommate. However, roommate A thinks that the three possibilities for his roommate's choice of hand signal are not equally likely. Based on his roommate's behavior in other similar games, roommate A believes that there is a 0.28 probability that his roommate will choose rock and a 0.61 probability that his roommate will choose paper. The probabilities are assigned using the Poduction to Probability Suppose that roommate A's probability assignments are correct. What can you say about P( S ), the probability that roommate B chooses scissors? Check all that apply. O P(Sa ) = 0.11 OO S P( S ) s 0.1 D1 P( Sp ) s 2 O P( SB) = 0.13 OOS P( Sa ) s 1 Assume that roommate A's probability assignments are correct. Roommate A would like to use the hand signal with the highest probability af winning the game. What would you advise roommate A to use? You can simulate a play of the game by basing the game's result on roommate A's probability assignments. That is, the chance that roommate B chooses rock is P(Rn ), the chance that he chooses paper is P(Pa ), and the chance that he chooses scissors is P(Sp ), where P(Rp ), P( P ). and P( Sn ) have been previously determined. Okay, play it now! (Click the blue PLAYI icon to reveal roommate B's choice.) PLAYI the game. If roommate A took the advice to choose the highest probability of winning, then roommate A
Expert Answer:
Answer rating: 100% (QA)
Total number of outcomes in the sample space of this cha... View the full answer
Related Book For
International Business The Challenges of Globalization
ISBN: 978-0133866247
8th edition
Authors: John Wild, Kenneth Wild
Posted Date:
Students also viewed these economics questions
-
A common way for non-U.S. companies to access U.S. capital markets is to issue what?
-
A common way for FAD to become covalently bound to its enzyme is by having a proton removed from the C-8 methyl group and a proton donated to N-1. Then a cysteine or other nucleophilic side chain of...
-
Consider the random-relocation economy developed in this chapter. Each person receives an endowment of 500 goods when young and nothing when old. People only want to consume when old. Let M t = 1.1M...
-
Smile is a social media site that is growing in popularity. The firm has been around for a few years and has created a nice market niche for itself. Now the company has a possible buyer who has made...
-
It is estimated that 90 billion plastic carry-out bags are produced annually in the United States. In recent years, the number of tons of plastic bags that are recycled has grown exponentially from...
-
The problem definition stage is perhaps more critical in the research process than the problem solution stage. Discuss this statement.
-
Credit Card by Server The RestaurantTips data in Exercise 2.36 also has information on whether each bill was paid with a credit card or cash $($ Credit $=\mathrm{y}$ or $\mathrm{n})$. Use technology...
-
Faith Varitek, MD, opened a medical practice. The business completed the following transactions: Apr 1 Varitek invested $27,000 cash to start her medical practice. The business issued common stock to...
-
Identify the major purpose of cost accounting. Know the two basic types of cost accounting systems. Know the important features of a job order cost system. Know the steps in the flow of costs. Know...
-
Problem 9 (50 Points) An air-cooled aluminum heat sink is used to keep electronics cool (see image and diagram). The cooling requirements are being significantly increased. To increase the rate of...
-
Assume that the officer of the 2 companies is very charismatic; assume also that some of the owners of the companies are his family members? He asks you to benefit his kids in your reporting, and...
-
When it comes to innovative problem solving, in which role (explorer, artist, judge, or warrior) do you excel, and which role must you work to develop?
-
Can government assignment and enforcement of property rights internalize an externality? Will this approach work as well as, better than, or worse than direct government intervention? Explain your...
-
How do you express emotion when communicating with various forms of technology covered in this chapter?
-
The rise of apps such as Uber and Lyft has generated considerable debate among policy makers and politicians in major urban areas over whether these services are net harmful or beneficial. The debate...
-
Discuss an example of a time when you misunderstood another person in a text message, an email, or an instant message. How did you respond to the misunderstanding? Did you and the other person clear...
-
ASHTON HOTEL GROUP BACKGROUND AND BRIEF HISTORY Ashton Hotel Group (AHG) commenced operation in 1967, marking its entry into the bustling Sydney hotel market. Initially operating three hotels, AHG...
-
Why did management adopt the new plan even though it provides a smaller expected number of exposures than the original plan recommended by the original linear programming model?
-
The sensitivity of demand for a product relative to changes in income is called what?
-
Because labormanagement relations are human relations they are rooted in what?
-
You are the CEO of a multinational corporation that operates in more than 100 nations worldwide. Recent changes in the global economy are redrawing many geographical and political borders. The...
-
Figure 4.11 shows the \(v_{x}(t)\) curves for a collision between two identical carts moving not on a low-friction track but rather on a rough surface, so that friction affects their motion. Are the...
-
(a) Classify and give examples of the kinds of processes that can change (i) the number of loaves of bread in a bakery, (ii) the number of Lego pieces inside a house, and (iii) the number of coins in...
-
Cite at least two possible choices of system in each of the following situations. For each choice, make a sketch showing the system boundary and state which objects (excluding air) are inside the...
Study smarter with the SolutionInn App