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Rasmussen College The Mathematics of Games Questions
I am looking for help on this question for questions 5, 6 and 7. (Please see attached 'Mathematics of Games Questions' fil ...
Rasmussen College The Mathematics of Games Questions
I am looking for help on this question for questions 5, 6 and 7. (Please see attached 'Mathematics of Games Questions' file-I couldn't get the tables to show up). I have attached the previous assignments as well in the zipped file if they are helpful. I got them all finished but then I fell behind and I can't seem to catch up. :(Thank you so much for your help!5. Use the payoff matrix from number 1 to determine the optimum strategy for your client (the challenger).Show all of your work. 6. The market research team working on this project creates this payoff matrix that represents the scaled values that customers give to the different levels of service and the corresponding payoffs for the telecom company: You recognize that the payoff matrix is not the best way to analyze this scenario.You will construct a game tree to model the scenario and perform backwards induction to find the optimum strategy, explaining all of your reasoning along the way. Slide 1 Explain why a game tree must be used in this scenario instead of a payoff matrix.Identify who will go first in the gameCalculate the probability of getting a satisfied client based off of your prior work history at G& B Consulting.Show all work.Explain how you found your solution. Slide 2 Draw the game tree that represents the scenario using the payoff matrix given above.Identify and explain any non-credible threats.Using your prior work history, calculate the probability of getting at least 85% of clients giving you high customer satisfaction ratings.Explain how you found your solution. Slide 3 Redraw the game tree with any non-credible threats removed.Identify and explain where the first step of backwards induction will occur.Interpret your results from slide 2 and use them to make an argument on why you would be good for the position. Slide 4 Using the game tree from slide 3, perform the first step of backwards induction.Explain your reasoning behind the step you took.Using the payoff matrix shown above, determine if the manufacturer has a dominant strategy.Show and explain all steps.Using the payoff matrix shown above, determine if the competitor has a dominant strategy.Show and explain all steps. Slide 5 Redraw the game tree after the first step of backwards induction.Identify where the next step of backwards induction occurs.Find all Nash equilibrium points.Show and explain all steps.Identify the optimum strategy of the game. Slide 6 Using the game tree from slide 5, perform the next step of backwards induction.Explain your reasoning behind the step you took.Do your results match those of your coworkers?Explain why you agree or disagree Slide 7 Redraw the game tree after the step you took in slide 6.Identify the optimum strategy of the game. Use the mixed strategy algorithm to find the optimum strategy for the manufacturer.Show all of your steps.Use the mixed strategy algorithm to find the optimum strategy for the competitor.Show all of your steps.Do your results match those of your coworker’s?Explain why you agree or disagree.Create the game tree for this scenario, exclude any non-credible threats.Explain how you identified the non-credible threat. 7. Part 1 The first item you want to highlight is your customer satisfaction record. Over the past 18 months of employment you have worked with 25 clients, and according to the customer satisfaction surveys all clients are asked to take after their contract is completed, 22 of them rated you with the highest level of satisfaction. Use this information to find the best predicted probability of having a new client give the highest level of satisfaction. However, having a single satisfied customer is not enough. It is very important to G & B Consulting that they maintain high ethical standards and continue to receive the highest rating from the Better Business Bureau consistently. In order to maintain this rating, the company must maintain at least 85% or higher of customers giving you high customer satisfaction ratings. Internal projections predict that G&B Consulting will serve 60 clients over the next year. If you become the project manager and use your prior record as an indicator, find the probability that 85% or more of new clients will give the highest level of customer satisfaction rating. Show all calculations and formulas used. If you use Excel for your calculations include that along with your submission. Use this information to make a convincing argument that you are a good choice for the position. Slide 1Calculate the probability of getting a satisfied client based off of your prior work history at G& B Consulting.Show all work.Explain how you found your solution. Slide 2Using your prior work history, calculate the probability of getting at least 85% of clients giving you high customer satisfaction ratings.Explain how you found your solution. Slide 3Interpret your results from slide 2 and use them to make an argument on why you would be good for the position. Part 2 The other item you wish to highlight comes from some work done for a local manufacturer. They believed that a competitor was illegally using one of their patents in their own manufacturing process and were considering litigation. This competitor's product were directly cutting into the manufacturer's profit, so they wanted to prevent the competitor's product from being made and recoup those lost profits. Of course, the litigation process is long and costly, and the outcome is not guaranteed and would likely result in a countersuit brought by the competitor. Before continuing with costly legal counsel, the manufacturer hired G&B Consulting to help them determine their best strategy. This was potentially a very lucrative contract, and a high profile one too since the manufacturer is one of the biggest employers in the area. Therefore, several analysts at G&B Consulting, including you, were asked to tackle the problem independently to help ensure the best possible results. Before compiling a final report to give to the manufacturer, the results were presented to the project lead: The first solution brought up was given by one of your coworkers. Using the manufacturer's projections of profits solely, he was able to create the following payoff matrix where each entry is in millions of dollars annually: This coworker concluded that the manufacturer should always do the opposite of the competitor chooses making this a strictly competitive game. Slide 4Using the payoff matrix shown above, determine if the manufacturer has a dominant strategy.Show and explain all steps.Using the payoff matrix shown above, determine if the competitor has a dominant strategy.Show and explain all steps. Slide 5Find all Nash equilibrium points.Show and explain all steps.Identify the optimum strategy of the game. Slide 6Do your results match those of your coworkers?Explain why you agree or disagree Part 3 The second solution was brought by a different coworker. She also created a payoff matrix for the scenario but did some independent research to estimate the competitor's profits in each outcome independent of the manufacturer's profits and came up with the following payoff matrix, again, the values represent millions of dollars in annual profits. This coworker concludes that under these circumstances, the manufacturer should sue 50% of the time and not sue the other 50% of the time, and they should expect their competitor to do the same. Slide 7Use the mixed strategy algorithm to find the optimum strategy for the manufacturer.Show all of your steps. Slide 8Use the mixed strategy algorithm to find the optimum strategy for the competitor.Show all of your steps. Slide 9Do your results match those of your coworker’s?Explain why you agree or disagree. Part 4 You present your own solution that is based on a non-simultaneous game where the manufacturer first has to decide whether or not they wish to pursue litigation. If they do so choose, then their competitor will also have to decide if the wish to file a counter-suit. You utilized the same payoff matrix that the second coworker provided that contains information about both companies' projected profits Slide 10Create the game tree for this scenario, exclude any non-credible threats.Explain how you identified the non-credible threat.
·
Perform the
first step of backwards induction. Shown
and explain your work.Slide 11Perform the second step of backwards induction.Show and explain all your work.Slide 12Identify the optimum strategy for the game.
MATH 447 SUNY Buffalo State University Probabilities & Integrals Exercises
answer the following question in a clear understandable way. i will attach the textbook as well.
MATH 447 SUNY Buffalo State University Probabilities & Integrals Exercises
answer the following question in a clear understandable way. i will attach the textbook as well.
Margin of Error for The Confidence Interval Questionnaire
Of the students randomly chosen for your data set, what percent of students do not work any amount?
Sort th ...
Margin of Error for The Confidence Interval Questionnaire
Of the students randomly chosen for your data set, what percent of students do not work any amount?
Sort the Work column in ascending order to easily find the number of students who do not work and use that value to create a percentage. Watch this short video to learn how to sort the work column (Links to an external site.) in your data set.
Use the percentage in part a) to create a 95% confidence interval estimate for the percentage of all college students who do not work. (see concepts in Unit 7 – Modules 17-19)
Show your work. You can either use the math-type feature in Microsoft Word to write out your steps or you can take a picture of your handwritten work and paste it into the Word document.
Interpret your confidence interval in complete sentences. “We are 95% confident that…”
What is the margin of error for the confidence interval you found? What could you do to make the confidence interval more precise/smaller? Explain using complete sentences.
the table
https://www.statcrunch.com/app/index.php?dataid=37...
continuously distributed variables, statistics homework help
You are an inventory manager working for a large online retailer. As with any retailer, inventory control is one of the cr ...
continuously distributed variables, statistics homework help
You are an inventory manager working for a large online retailer. As with any retailer, inventory control is one of the critical success factors for the organization. Having too little inventory risks the loss of sales when your company is unable to fulfill an order. However, too much inventory imposes unnecessary costs on the organization. Often, one of the most important pieces of information that can be used to determine how much inventory to have on hand is the rate at which demand occurs for the product.Determine what information you would need to construct a confidence interval for the demand that will occur during a month.Analyze how the numbers of such a confidence interval might influence the level of inventory that the organization chooses to carry. Support your discussion with relevant examples, research, and rationale.
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Rasmussen College The Mathematics of Games Questions
I am looking for help on this question for questions 5, 6 and 7. (Please see attached 'Mathematics of Games Questions' fil ...
Rasmussen College The Mathematics of Games Questions
I am looking for help on this question for questions 5, 6 and 7. (Please see attached 'Mathematics of Games Questions' file-I couldn't get the tables to show up). I have attached the previous assignments as well in the zipped file if they are helpful. I got them all finished but then I fell behind and I can't seem to catch up. :(Thank you so much for your help!5. Use the payoff matrix from number 1 to determine the optimum strategy for your client (the challenger).Show all of your work. 6. The market research team working on this project creates this payoff matrix that represents the scaled values that customers give to the different levels of service and the corresponding payoffs for the telecom company: You recognize that the payoff matrix is not the best way to analyze this scenario.You will construct a game tree to model the scenario and perform backwards induction to find the optimum strategy, explaining all of your reasoning along the way. Slide 1 Explain why a game tree must be used in this scenario instead of a payoff matrix.Identify who will go first in the gameCalculate the probability of getting a satisfied client based off of your prior work history at G& B Consulting.Show all work.Explain how you found your solution. Slide 2 Draw the game tree that represents the scenario using the payoff matrix given above.Identify and explain any non-credible threats.Using your prior work history, calculate the probability of getting at least 85% of clients giving you high customer satisfaction ratings.Explain how you found your solution. Slide 3 Redraw the game tree with any non-credible threats removed.Identify and explain where the first step of backwards induction will occur.Interpret your results from slide 2 and use them to make an argument on why you would be good for the position. Slide 4 Using the game tree from slide 3, perform the first step of backwards induction.Explain your reasoning behind the step you took.Using the payoff matrix shown above, determine if the manufacturer has a dominant strategy.Show and explain all steps.Using the payoff matrix shown above, determine if the competitor has a dominant strategy.Show and explain all steps. Slide 5 Redraw the game tree after the first step of backwards induction.Identify where the next step of backwards induction occurs.Find all Nash equilibrium points.Show and explain all steps.Identify the optimum strategy of the game. Slide 6 Using the game tree from slide 5, perform the next step of backwards induction.Explain your reasoning behind the step you took.Do your results match those of your coworkers?Explain why you agree or disagree Slide 7 Redraw the game tree after the step you took in slide 6.Identify the optimum strategy of the game. Use the mixed strategy algorithm to find the optimum strategy for the manufacturer.Show all of your steps.Use the mixed strategy algorithm to find the optimum strategy for the competitor.Show all of your steps.Do your results match those of your coworker’s?Explain why you agree or disagree.Create the game tree for this scenario, exclude any non-credible threats.Explain how you identified the non-credible threat. 7. Part 1 The first item you want to highlight is your customer satisfaction record. Over the past 18 months of employment you have worked with 25 clients, and according to the customer satisfaction surveys all clients are asked to take after their contract is completed, 22 of them rated you with the highest level of satisfaction. Use this information to find the best predicted probability of having a new client give the highest level of satisfaction. However, having a single satisfied customer is not enough. It is very important to G & B Consulting that they maintain high ethical standards and continue to receive the highest rating from the Better Business Bureau consistently. In order to maintain this rating, the company must maintain at least 85% or higher of customers giving you high customer satisfaction ratings. Internal projections predict that G&B Consulting will serve 60 clients over the next year. If you become the project manager and use your prior record as an indicator, find the probability that 85% or more of new clients will give the highest level of customer satisfaction rating. Show all calculations and formulas used. If you use Excel for your calculations include that along with your submission. Use this information to make a convincing argument that you are a good choice for the position. Slide 1Calculate the probability of getting a satisfied client based off of your prior work history at G& B Consulting.Show all work.Explain how you found your solution. Slide 2Using your prior work history, calculate the probability of getting at least 85% of clients giving you high customer satisfaction ratings.Explain how you found your solution. Slide 3Interpret your results from slide 2 and use them to make an argument on why you would be good for the position. Part 2 The other item you wish to highlight comes from some work done for a local manufacturer. They believed that a competitor was illegally using one of their patents in their own manufacturing process and were considering litigation. This competitor's product were directly cutting into the manufacturer's profit, so they wanted to prevent the competitor's product from being made and recoup those lost profits. Of course, the litigation process is long and costly, and the outcome is not guaranteed and would likely result in a countersuit brought by the competitor. Before continuing with costly legal counsel, the manufacturer hired G&B Consulting to help them determine their best strategy. This was potentially a very lucrative contract, and a high profile one too since the manufacturer is one of the biggest employers in the area. Therefore, several analysts at G&B Consulting, including you, were asked to tackle the problem independently to help ensure the best possible results. Before compiling a final report to give to the manufacturer, the results were presented to the project lead: The first solution brought up was given by one of your coworkers. Using the manufacturer's projections of profits solely, he was able to create the following payoff matrix where each entry is in millions of dollars annually: This coworker concluded that the manufacturer should always do the opposite of the competitor chooses making this a strictly competitive game. Slide 4Using the payoff matrix shown above, determine if the manufacturer has a dominant strategy.Show and explain all steps.Using the payoff matrix shown above, determine if the competitor has a dominant strategy.Show and explain all steps. Slide 5Find all Nash equilibrium points.Show and explain all steps.Identify the optimum strategy of the game. Slide 6Do your results match those of your coworkers?Explain why you agree or disagree Part 3 The second solution was brought by a different coworker. She also created a payoff matrix for the scenario but did some independent research to estimate the competitor's profits in each outcome independent of the manufacturer's profits and came up with the following payoff matrix, again, the values represent millions of dollars in annual profits. This coworker concludes that under these circumstances, the manufacturer should sue 50% of the time and not sue the other 50% of the time, and they should expect their competitor to do the same. Slide 7Use the mixed strategy algorithm to find the optimum strategy for the manufacturer.Show all of your steps. Slide 8Use the mixed strategy algorithm to find the optimum strategy for the competitor.Show all of your steps. Slide 9Do your results match those of your coworker’s?Explain why you agree or disagree. Part 4 You present your own solution that is based on a non-simultaneous game where the manufacturer first has to decide whether or not they wish to pursue litigation. If they do so choose, then their competitor will also have to decide if the wish to file a counter-suit. You utilized the same payoff matrix that the second coworker provided that contains information about both companies' projected profits Slide 10Create the game tree for this scenario, exclude any non-credible threats.Explain how you identified the non-credible threat.
·
Perform the
first step of backwards induction. Shown
and explain your work.Slide 11Perform the second step of backwards induction.Show and explain all your work.Slide 12Identify the optimum strategy for the game.
MATH 447 SUNY Buffalo State University Probabilities & Integrals Exercises
answer the following question in a clear understandable way. i will attach the textbook as well.
MATH 447 SUNY Buffalo State University Probabilities & Integrals Exercises
answer the following question in a clear understandable way. i will attach the textbook as well.
Margin of Error for The Confidence Interval Questionnaire
Of the students randomly chosen for your data set, what percent of students do not work any amount?
Sort th ...
Margin of Error for The Confidence Interval Questionnaire
Of the students randomly chosen for your data set, what percent of students do not work any amount?
Sort the Work column in ascending order to easily find the number of students who do not work and use that value to create a percentage. Watch this short video to learn how to sort the work column (Links to an external site.) in your data set.
Use the percentage in part a) to create a 95% confidence interval estimate for the percentage of all college students who do not work. (see concepts in Unit 7 – Modules 17-19)
Show your work. You can either use the math-type feature in Microsoft Word to write out your steps or you can take a picture of your handwritten work and paste it into the Word document.
Interpret your confidence interval in complete sentences. “We are 95% confident that…”
What is the margin of error for the confidence interval you found? What could you do to make the confidence interval more precise/smaller? Explain using complete sentences.
the table
https://www.statcrunch.com/app/index.php?dataid=37...
continuously distributed variables, statistics homework help
You are an inventory manager working for a large online retailer. As with any retailer, inventory control is one of the cr ...
continuously distributed variables, statistics homework help
You are an inventory manager working for a large online retailer. As with any retailer, inventory control is one of the critical success factors for the organization. Having too little inventory risks the loss of sales when your company is unable to fulfill an order. However, too much inventory imposes unnecessary costs on the organization. Often, one of the most important pieces of information that can be used to determine how much inventory to have on hand is the rate at which demand occurs for the product.Determine what information you would need to construct a confidence interval for the demand that will occur during a month.Analyze how the numbers of such a confidence interval might influence the level of inventory that the organization chooses to carry. Support your discussion with relevant examples, research, and rationale.
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