Suppose Jim and Celia,a Married Couple,are Trying to Decide What

question 71

Multiple Choice

Suppose Jim and Celia,a married couple,are trying to decide what to do on a Friday.Jim would prefer to see Rambo X while Celia would prefer to see Das Auto,an arty foreign film.Both films are showing at the local Megaplex.The joy they receive from the films and seeing them together,or separately,is shown in the payoff matrix.Both Jim and Celia know the information contained in the payoff matrix.They purchase their tickets simultaneously,ignorant of the other's choice.
-Refer to the payoff matrix above.Celia finds that

• A) she has no dominant strategy.
• B) seeing Das Auto is her dominant strategy.
• C) seeing movies with Jim makes her worse off than seeing movies alone.
• D) seeing Rambo X is her dominant strategy.
• E) seeing Rambo X is her dominated strategy.

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Definitions:

Confidence Interval

A collection of values obtained from statistical samples that is expected to encompass the value of an undetermined population parameter at a given confidence level.

Margin of Error

An expression of the amount of random sampling error in a survey's results, representing the range within which the true population parameter is expected to lie.

Margin of Error

The amount of error allowed in the results of a poll or survey, reflecting the confidence in the results.

Observations

Data collected during an experiment or research which are analyzed to gain insights and draw conclusions.