Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
X's Strategy
X will like to divide his play between his rows in such a way that his expected winnings or losses when Y plays the first column will be equal to his expected winnings or losses when Y plays the second column.
Total = Q + 5(1-Q)
Total = 4Q + 3(1-Q)
Therefore, Q + (1-Q)5 = 4Q + 3(1-Q)Giving Q = 2/5 and (1-Q) = 3/5
This means that player X should play his first row 2/5th of the time and his second row 3/5 of the time.
Using the same reasoning Y' Strategy;
1 X R + 4(1-R) = 5R + 3(1-R)Giving R = 1/5 and (1-R) = 4/5
This means that player Y should divide his time between his first and second column in the ratio 1:4This is shown in the following matrix:
Determine important factors while praparing sales budget The possible factors to be taken into account while preparing a sales budget are discussed as follows: 1) Past sales
identify and briefly describe four trends in macro market environment which influence on the selected industry?
Characteristics of cost reduction 1) Cost reduction must be real : said through increase in productivity change in product design improvement in technology etc. 2) Cost r
What is Cost unit While the cost centres assists in ascertaining costs by location, person, equipment, operation or process, cost unit is a unit of product, service or a combin
Determine Cost pool and Cost drivers Cost pool: it is another name given to a cost centre and, therefore an activity cost centre may also be termed as an activity cost pool.
assignments
Liquidity ratios Liquidity refers to the ability of concern to meet its current obligations as and when these become due. The short term obligations are met by realizing amount
Human behavior and budgetary control An important feature of control in business is that control is exercised by managers over people. Their attitudes and response to budgetary
Budgetary Control According to brown and Howard According to brown and Howard," budgetary control is a system of controlling costs which includes the preparation of budget coor
The Braggs & Struttin'' Company manufactures an engine for carpet cleaners called the "Snooper." Budgeted cost and revenue data for the "Snooper" are given below, based on sales of
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!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd