Ben and Sam are competing for the remaining spot on the national swim team.If one of these two swimmers hires a personal trainer,that swimmer will win the spot.If both swimmers hire a personal trainer,they have a 50% chance of winning the place on the team;if neither swimmer hires a personal trainer,they still have a 50% chance of winning the place.The table below shows the payoff matrix facing the swimmers.Whoever makes the team will earn $100,000 next year from product endorsements.
-Refer to the information above.If only Ben can afford to hire a personal trainer,then
A) Sam has 100% chance of winning the place on the swim team.
B) Sam has a 50% chance of winning the place on the swim team.
C) Ben has 100% chance of winning the place on the swim team.
D) Ben has a 50% chance of winning the place on the swim team.
E) Ben has an unknown chance of winning the place on the swim team.
Correct Answer:
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