When Determining the Sample Size, N, If the Value Found

question 130

True/False

When determining the sample size, n, if the value found for n is 79.2, we would choose to sample 79 observations.

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Definitions:

Dominant Strategies

In game theory, these are strategies that result in the best outcome for a player, no matter what the other players do.

Pure Strategy

Strategy in which a player makes a specific choice or takes a specific action.

Optimal Response

Optimal response is a strategy that maximizes a player's benefits given the strategies chosen by others, commonly used in game theory.

Nash Equilibrium

A concept in game theory where no player can gain by unilaterally changing their strategy if the strategies of others remain unchanged.