Answer to Question #79383 in Statistics and Probability for kr

Question

Q3. The table below gives the proposed prices for two competing airlines

Airline A

Airline B
A1
A2
A3
A4

B1
B2
B3
B4 0.12
-0.23
0.59
-0.05 0.61
0.28
0.19
-0.21 0.18
0.19
0.17
0.01 0.41
0.53
0.13
0.03

Required:
i. Determine the mixed strategies (4marks)
ii. Calculate the value of the game. (4marks

Answer 1

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