A city has two competitive television stations, station R and station C. Every month, each station makes

Question:

A city has two competitive television stations, station R and station C. Every month, each station makes exactly one choice for the Thursday 8–9 p.m. time slot from the program categories shown in the following matrix. Each matrix entry is an average viewer index rating gain (or loss) established by a rating firm using data collected over the past 5 years. (Any gain for station R is a loss for station C, and vice versa.)

R Nature films Travel 0 News 1 Sitcoms 2 Soaps 1 Talk Sports shows events Movies -1 2 20 0 C 3 -2 -1 0 0 -2 1

(A) Find the optimal strategies for station R and station C. What is the value of the game?

(B) What is the expected value of the game for R if station R always chooses travel and station C uses its optimal strategy?

(C) What is the expected value of the game for R if station C always chooses movies and station R uses its optimal strategy?

(D) What is the expected value of the game for R if station R always chooses sitcoms and station C always chooses sports events?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Finite Mathematics For Business Economics Life Sciences And Social Sciences

ISBN: 9780134862620

14th Edition

Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker

Question Posted: