Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

AutoSave O Off TMQ 3523-final-... - Saved Table... Sign in X File Home Insert Desig Layou Refer Mailin Review View Help Design Layout Search Times

image text in transcribedimage text in transcribedimage text in transcribed
AutoSave O Off TMQ 3523-final-... - Saved Table... Sign in X File Home Insert Desig Layou Refer Mailin Review View Help Design Layout Search Times New Roman 12 Paste BIU ~ abX x Styles Editing A L A ~ Aav A A Dictate ..4.. IT Clipboard Font Paragraph Styles F Voice (CO3:P02 - 5 Marks) b. Consider the following zero-sum game given in tabular form A C 0 -2 -3 -2 3 0 Compute an optimal mixed-strategy profile for this game where each strategy includes all pure strategies with positive probability. (CO4:P06 - 8 marks) Final Exam Short Sem Session 2019/2120 191) TMO 3573 Page 3 of 9 750 words English (United States) Focus 80%AutoSave O Off TMQ... Sign in X File Home Insert Design Layout References Mailings Review View Help Search Arial 11 Paste BIU ab X X Av 2 Av Aav A A Styles Editing Dictate IT Clipboard Font Paragraph Styles Voice (SULIT) QUESTION 2 (12 MARKS) a. Verify that the game below are strictly competitive. X Y Z A 8, 1 7,2 3, 6 B 9, 0 2, 8 4, 5 C 7, 2 8, 1 6, 4 (CO4: P06 - 4 marks) b. Compute the players' security strategies for the game. (CO2: P02 - 8 marks) Page 3 of 9 750 words English (United States Focus 80%AutoSave O Off TMQ 352... - Saved Sign in X File Home Insert Design Layout References Mailings Review View Help Search Arial 12 EE Paste BIUabXX Editing Av 2 Av Aa~ A A Styles Dictate ..A.. IT Clipboard Font Paragraph Styles F Voice QUESTION 6 (22 MARKS) Ashraff is planning to invest money that he inherited in a qualified institution. The payoff Table 1 represents the profit that would be realised during the next year for each of the three investment alternatives Ashraff is considering as follows: Table 1 Good Poor Alternatives Economy Economy (RM) (RM) Amanah Saham Bumiputera (ASB) 40.00 10,000 Bank deposit 24,000 24,000 Stock marke 80,000 -20,000 Probability 05 0.5 Perform the necessary calculations to determine which of these THREE (3) alternatives is recommended. (CO3: P02 -7 marks) b. Develop the opportunity loss table for this situation and determine the best EOL. (CO3: P02 -9 marks) C. Calculate the EVPI. (CO3: PO2 -4 marks) d. Based on the result obtained in 6.c., decide whether Ashraff should purchase the information if additional information is RM29.000. [CO3: PO2 - 2 marks) Page 9 of 9 750 words English (United States [ Focus 60%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals Of Business Mathematics In Canada

Authors: F. Ernest Jerome, Jackie Shemko

3rd Edition

1259370151, 978-1259370151

More Books

Students also viewed these Mathematics questions