. Either a mixed column or mixed row strategy is given. Use the given payoff matrix and find the optimal pure strategy (or strategies) the other player should use. Express the answer as a row or column matrix. Also determine the resulting expected payoff. ГО -1 5 P = 2-2 4 3 0 0 1 0-5
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Either a mixed column or mixed row strategy is given. Use the given payoff matrix and find the optimal pure strategy (or strategies) the other player should use. Express the answer as a row or column matrix. Also determine the resulting expected payoff.
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- Redo Exercise 5, assuming that the house blend contains 300 grams of Colombian beans, 50 grams of Kenyan beans, and 150 grams of French roast beans and the gourmet blend contains 100 grams of Colombian beans, 350 grams of Kenyan beans, and 50 grams of French roast beans. This time the merchant has on hand 30 kilograms of Colombian beans, 15 kilograms of Kenyan beans, and 15 kilograms of French roast beans. Suppose one bag of the house blend produces a profit of $0.50, one bag of the special blend produces a profit of $1.50, and one bag of the gourmet blend produces a profit of $2.00. How many bags of each type should the merchant prepare if he wants to use up all of the beans and maximize his profit? What is the maximum profit?An investment club has set a goal of earning 15% on the money it invests in stocks. The members are considering purchasing three possible stocks, with their cost per share (in dollars) and their projected growth per share (in dollars) summarized in the following table. (Let x = computer shares, y = utility shares, and z = retail shares.) Cost/share Growth/share Stocks Computer (x) Utility (y) Retail (z) 26 2.40 30 6.00 44 X 6.00 (a) If they have $392,000 to invest, how many shares of each stock should they buy to meet their goal? (If there are infinitely many solutions, express your answers in terms of z as in Example 3.) (x, y, z) = (3340 (b) If they buy 1000 shares of retail stock, how many shares of the other stocks should they buy? shares computer utility shares What if they buy 2000 shares of retail stock? shares computer utility shares (c) What is the minimum number of shares of computer stock they should buy? shares What is the number of shares of the other stocks in this case?…A garage band wants to hold a concert. The expected crowd is 2,900. The average expenditure on concessions is $30. Tickets sell for $25 each, and the band's profit is 75% of the gate and concession sales minus a fixed cost of $16,000. Develop a mathematical model and implement it on a spreadsheet to find the band's expected profit. Write Excel formulas for the unknown values in the model, ke Expected Crowd Sc 2 Average Concessions Expenditure 3 Fixed Cost Ticket Price 5 Profit percentage 6 Ticket Revenue Questic tio 7 Concession Revenue EQuestio tio 8 Profit art (EBA selPi Help me solve this View an example Get more help - Clear all Check answer
- OMEWORK.docx Page of 3 + 5. Suppose that a simple economy produces only three goods and services: sweatshirts, dental examinations, coffee drinks. Using the information in the table below, calculate the nominal GDP for this simple economy Product Sweatshirts Quantity 50 Price $35.00 Coffee drinks 1,000 6. Refer to Table below. A very simple economy produces two goods cameras and lezal services. The and the pon ading prices for 2015 and ON DTeach nis goat! x. Alan Chryst is cultivating Venus flytraps in order to plant them in a newly restored refuge that has the appropriate bog habitat. After considerable study by a consulting company, it was determined that, a successful restoration of this species will require 2500 fly traps to be planted there. The site is still being restored, and it is expected that it will be ready for planting in 5 years. Alan currently has 50 plants, and he loses 2% of his plants every year to a fungus. Alan wants to determine the rate at which he must reproduce these plants. For every plant he has in his possession, how many offspring must Alan produce from that plant to reach his quota in 5 years?O A commuter owns two cars. One is a compact and the other is a standard model. About of the time he uses the compact to travel to work and about - of the time the larger car is used. When he uses the compact car, he usually gets home by 5 : 30 P.M. about 75% of the time. If he uses the standard sized car he gets home by 5 : 30 P.M. about 60% of the time. If he gets home by 5 : 35 P.M., what is the probability that he used the compact car?
- An investment club has set a goal of earning 15% on the money it invests in stocks. The members are considering purchasing three possible stocks, with their cost per share (in dollars) and their projected growth per share (in dollars) summarized in the following table. (Let x = computer shares, y = utility shares, and z = retail shares.) Stocks Computer (x) Utility (y) Retail (z) Cost/share 30 44 26 Growth/share 6.00 6.00 2.40 (c) What is the minimum number of shares of computer stock they should buy? What is the number of shares of the other stocks in this case? utility shares retail sharesLet x1 and x2 be the payoffs of two investmentAn investment club has set a goal of earning 15% on the money it invests in stocks. The members are considering purchasing three possible stocks, with their cost per share (in dollars) and their projected growth per share (in dollars) summarized in the following table. (Let x = computer shares, y = utility shares, and z = retail shares.) Stocks Computer (x) Utility (y) Retail (z) Cost/share 30 44 26 Growth/share 6.00 6.00 2.40 (a) If they have $392,000 to invest, how many shares of each stock should they buy to meet their goal? (If there are infinitely many solutions, express your answers in terms of z as in Example 3.)