Answer Happy

5. (5.95/7.14 Points] DETAILS PREVIOUS ANSWERS MY NOTES Player R has a $1 bill, a $10 bill, and a $50 bill, Player C has a $5 bill and a $20 bill. They simultaneously select one of their bills. The one with the larger bill collects the bill shown by the other player. Write the payoff matrix for this game. с $5 $20 $1 - 1 $10 5 -10 R $50 5 -50 X
PREVIOUS ANSWERS TANFIN 12 9.5.010. MY NOTES 9. [4.76/7.14 points) DETAILS The payoff matrix for a game is 3-241 -5 22 3 -4 2 (a) Find the expected payoff to the row player if the row player R uses the maximin pure strategy and the column C player uses the minimax pure strategy -2 (b) Find the expected payoff to the row player if R uses the maximin strategy 40% of the time and chooses each of the other two rows 30% of the time while C uses the minimax strategy 50% of the time and chooses each of the other two columns 25% of the time. (Round your answer to three decimal places.) 0.1 Х (c) Which of these pairs of strategies is most advantageous to the row player? o(a) O (b)
12. [1.8/7.14 Points) DETAILS PREVIOUS ANSWERS TANFIN 12 9.5.016. MY NOTES Find the optimal strategies, P and Q for the row and column players, respectively. 34 [] --14 5/4 -1/4 P= X 0 1 Compute the expected payoff E of the matrix game if the players use their optimal strategies. (Round your answer to two decimal places.) E = 4 Which player does the game favor, if any? R c neither