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Review the problem and ansewer the questions. Problem 5.13: Television Programming. Two television stations compete with each other for viewing audience. Local programming options for

Review the problem and ansewer the questions.

Problem 5.13: Television Programming. Two television stations compete with each other for viewing audience. Local programming options for the 5:00 p.m. weekday time slot include a sitcom rerun, an early news program, or a home improvement show. Each station has the same programming options and must make its preseason program selection before knowing what the other television station will do. The viewing audience gains in thousands of viewers for Station A are shown in the payoff table below.

Determine the optimal strategy for each station. What is the value of the game?

Please show a step by step on how to solve on excel as well.

Thank you!

station B
Sitcom Rerun b1 News program b2 Home improvement b3
Sitcom Rerun a1 10 -5 3
station A News program a2 8 7 6
Home improvement a3 4 8 7

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