Question: Please help me with this problem. v = V (Type an integer or decimal rounded to the nearest hundredth as needed.) (B) What is the

Please help me with this problem.

Please help me with this problem. v = V (Type an integeror decimal rounded to the nearest hundredth as needed.) (B) What isthe expected value of the game for the farm if the weather

v = V (Type an integer or decimal rounded to the nearest hundredth as needed.) (B) What is the expected value of the game for the farm if the weather (fate) chooses to play the pure strategy "wet" for many years, and the farm continues to play its optimal strategy? The expected value is V (Type an integer or decimal rounded to the nearesundredth as needed.) (C) What is the expected value of the game for the farm if the weather (fate) chooses to play the pure strategy "normal" for many years, and the farm continues to play its optimal strategy? The expected value is : (Type an integer or decimal rounded to the nearest hundredth as needed.) (D) What is the expected value of the game for the farm if the weather (fate) chooses to play the pure strategy "dry" for many years, and the farm continues to play its optimal strategy? The expected value is E (Type an integer or decimal rounded to the nearest hundredth as needed.) A corporate farm grows both wheat and rice. Rice does better in wetter years, and wheat does better in normal or drier years. Based on records over the past 20 years and current market prices, a consulting rm provides the farm managers with the following payoff matrix, where the entries are in millions of dollars. The managers would like to determine the best strategy against the weather's "best strategy" to destroy them. Then, no matter what the weather does, the farm will do no worse than the value of the game and may do a lot better. This information could be very useful to the company when applying for loans. Note: For each year that the payoff matrix holds, the farm can split the planting between wheat and rice proportional to the size of entries in its optimal strategy matrix. Complete parts (A) through (D) below. Weather (fate) Wet Normal Dry Corporate Wheat _ -2 7 1 _ farm Rice _ 5 4 -4 _ (A) Find the optimal strategies for the farm and the weather, and the value of the game. First delete recessive row and columns, if present. M1 = (Type an integer or simplied fraction for each matrix element.) >3 Now nd P , the optimal strategy for the farm. at: P = (Type an integer or simplied fraction for each matrix element.) Find Q * , the optimal strategy for the weather. at Q = (Type an integer or simplied fraction for each matrix element.)

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