A Sales Representative Calls on Four Hospitals in York Region

question 17

Multiple Choice

A sales representative calls on four hospitals in York Region. It is immaterial what order he calls on them. How many ways can he organize his calls?

• A) 4
• B) 24
• C) 120
• D) 37
• E) None of the choices are correct

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Definitions:

Advertising Budgets

The amount of money allocated by businesses or organizations for promoting their products or services through various media channels over a set period.

Payoff Matrix

A grid or table that shows the potential outcomes of different strategies in a strategic or game-theoretical situation.

Extensive Form

A way of representing games that captures the order of players' moves, their choices at each point, and the outcomes resulting from each combination of choices.

Strategic Game

A situation in which players make decisions by taking into account the anticipated strategies and actions of competitors.