Hello!
I have this assignment completed… well, mostly… but I’m needing help with these corrections. Can someone please help me?! If you could use the same file I have with different color text I could figure see what I’m missing. I would really appreciate it! thanks!
Attached is the Assignment worksheet, and the Deliverable worksheet I need to correct. Below is the feedback received.
Feedback:
For part 1 you ultimately need to use a binomial distribution to find the probability of getting at least 51 successes out of the upcoming 60 clients.
For part 2 you need to show and explain all steps for finding any dominant strategies and Nash equilibrium points.
For part 3 you need to use the mixed strategy algorithm for
both players, not just the competitor.
For part 4 you should be using a game tree and backwards induction to find the optimum strategy.
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