Solved

Shown Below Is the Solution to the Linear Program for Finding

Question 31

Essay

Shown below is the solution to the linear program for finding Player A's optimal mixed strategy in a two-person, zero-sum game.  OBJECTIVE FUNCTION VALUE =3.500\text { OBJECTIVE FUNCTION VALUE }=3.500
 VARIABLE  VALUE  REDUCED COSTS  PA1 0.0500.000 PA2 0.6000.000 PA3 03500.000 GAINA 3.5000.000\begin{array}{ccc}\text { VARIABLE } & \text { VALUE } & \text { REDUCED COSTS } \\\text { PA1 } & 0.050 & 0.000 \\\text { PA2 } & 0.600 & 0.000 \\\text { PA3 } & 0350 & 0.000 \\\text { GAINA } & 3.500 & 0.000\end{array}

 CONSTRAINT  SLACK/SURPLUS  DUAL PRICES 10.0000.50020.0000.50030.0000.00040.0003.500\begin{array}{ccc}\text { CONSTRAINT } & \text { SLACK/SURPLUS } & \text { DUAL PRICES } \\\hline 1 & 0.000 & -0.500 \\2 & 0.000 & -0.500 \\3 & 0.000 & 0.000 \\4 & 0.000 & 3.500\end{array}
a.What is Player A's optimal mixed strategy?
b.What is Player B's optimal mixed strategy?
c.What is Player A's expected gain?
d.What is Player B's expected loss?

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents