Potential partners for a dance-distribution and parameters

Assignment Help Game Theory
Reference no: EM1391251

You randomly call friends who could be potential partners for a dance. You think that they all respond to your requests independently of each other, and you estimate that each one s 7% likely to accept your request. Let X denote the number of calls to successfully get a date.

a) What are the distribution and parameters of X?

b) How many calls do you expect to make to get a date?

c) What is the probability you get a date on the 12th call?

d) What is the probability it takes you at least 10 calls to get a date?

e) What is the probability it takes you no more than 15 calls to get a date?

f) Given you've already called 8 people and still do not have a date, what is the probability it will take less than 14 calls?

Reference no: EM1391251

Questions Cloud

Determine what information senior management will want : Determine what information senior management will want from the planning and consulting department and why
Level of confidence and sample size : I'm trying to determine what happens to the sample size if the level of confidence is reduced from 95% to 90% but the allowable error and the standard deviation remain
Charge of development for your housing nonprofit : Charge of development for your housing nonprofit and assuming that your non-profit is risk-neutral, which grant should you apply for
Why cshp significant for community health : What is meant by CSHP, and why is it so significant for community health? Write down some things that we can do as healthcare managers to support effective school health programming?
Potential partners for a dance-distribution and parameters : You randomly call friends who could be potential partners for a dance. You think that they all respond to your requests independently of each other, and you estimate that each one s 7% likely to accept your request. Let X denote the number of call..
Now suppose he says that if he is optimistic about success : Now suppose he says that if he is optimistic about the success of one project, he is likely to be optimistic about the others as well. For you simulation, this means that if on probability increases
Interpreting standard deviation : Your workplace reduces all workplace scores on particular employee aptitude test in z-scores which are placed in district-wide distribution of scores.
How attitude of church towards death penalty changed : Ensure you have introduction to your paper which tells the bit more about trajectory of paper as a whole. For example, how has attitude of Church towards death penalty changed over the years.
Illustrate what management challenges might cause shoes : Illustrate what management challenges might cause Shoes with Soul to stumble? Explain two or three steps which Richard and Renee could take to avoid these stumbling blocks and guide their new trade to success.

Reviews

Write a Review

Game Theory Questions & Answers

  Use the best-response approach to find all nash equilibria

Player 1 has the following set of strategies {A1;A2;A3;A4}; player 2’s set of strategies are {B1;B2;B3;B4}. Use the best-response approach to find all Nash equilibria.

  A supplier and a buyer, who are both risk neutral

A supplier and a buyer, who are both risk neutral, play the following game,  The buyer’s payoff is q^'-s^', and the supplier’s payoff is s^'-C(q^'), where C() is a strictly convex cost function with C(0)=C’(0)=0. These payoffs are commonly known.

  Pertaining to the matrix game theory problem

Pertaining to the matrix need simple and short answers, Find  (a) the strategies of the firm (b) where will the firm end up in the matrix equilibrium (c) whether the firm face the prisoner’s dilemma.

  Nash equilibria

Consider the two-period repeated game in which this stage game is played twice and the repeated-game payo s are simply the sum of the payo s in each of the two periods.

  Find the nash equilibrium

Two players, Ben and Diana, can choose strategy X or Y. If both Ben and Diana choose strategy X, every earns a payoff of $1000.

  Construct the payoff matrix for the game

The market for olive oil in new York City is controlled by 2-families, Sopranos and Contraltos. Both families will ruthlessly eliminate any other family that attempts to enter New York City olive oil market.

  Question about nash equilibrium

Following is a payoff matrix for Intel and AMD. In each cell, 1st number refers to AMD's profit, while second is Intel's.

  Finding the nash equilibrium

Determine the solution to the given advertising decision game between Coke and Pepsi, assuming the companies act independently.

  Nash equilibria to determine the best strategy

Little Kona is a small coffee corporation that is planning entering a market dominated through Big Brew. Each corporation's profit depends on whether Little Kona enters and whether Big Brew sets a high price or a low price.

  Creating a payoff table

Suppose you and your classmate are assigned a project on which you will earn one combined grade. You each wish to receive a good grade, but you also want to avoid hard work.

  Determine the nash equilibrium for trade policy

Consider trade relations in the United State and Mexico. Suppose that leaders of two countries believe the payoffs to alternative trade policies are as follows:

  Find the nash equilibrium outcomes

Use the given payoff matrix for a simultaneous move one shot game to answer the accompanying questions.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd