A Finite Sequence of Precise Instructions That Leads to a Problem

question 4

Multiple Choice

A finite sequence of precise instructions that leads to a problem solution is

• A) A program
• B) The CPU
• C) A List of Inputs and Outputs
• D) An Algorithm

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Definitions:

Dominant Strategy

Within game theory, a strategy considered optimal for a participant in a game, irrespective of the strategies opted by competitors.

Low Price

Refers to the condition where the cost of a good or service is lower than usual, making it more affordable to consumers.

Payoff Matrix

A table that describes the possible outcomes or payoffs in a strategic decision-making situation, typically used in game theory.

Dominant Strategies

In game theory, a strategy is considered dominant if, regardless of what any other players do, the strategy earns a player a larger payoff than any other.