TABLE 16-6 $$\text { The number of cases of merlot wine sold by a Paso Robles winery in an 8-year period follows. }$$

question 186

Short Answer

TABLE 16-6
$$\text { The number of cases of merlot wine sold by a Paso Robles winery in an 8-year period follows. }$$ $$\begin{array} { c c } \underline { \text { Year }} &\underline {\text { Cases of Wine }}\\ 1991 & 270 \\1992 & 356 \\1993 & 398 \\1994 & 456 \\1995 & 358 \\1996 & 500 \\1997 & 410 \\1998 & 376\end{array}$$

-Referring to Table 16-6, a centered 5-year moving average is to be constructed for the wine sales. The moving average for 1996 is_____ .

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Definitions:

Dominant Strategy

In game theory, a strategy that is best for a player in a game regardless of the strategies chosen by the other players.

Pricing Strategy

A plan or method implemented by a company to price its products or services to attract consumers while maximizing profit.

Cable TV Market

The sector of the television industry where television services are provided to consumers via coaxial or fiber-optic cables.

Tit-For-Tat Strategy

A strategy in repeated games where a player responds in kind to an opponent’s previous action, starting cooperatively and then mirroring the opponent’s behavior.