Solve the Problem $$\mu = \frac { \text { minimum } + \text { maximum } } { 2 } \text { and } \sigma = \frac { \text { range } } { \sqrt { 12 } }$$

question 4

Multiple Choice

Solve the problem.
-In a continuous uniform distribution, $$\mu = \frac { \text { minimum } + \text { maximum } } { 2 } \text { and } \sigma = \frac { \text { range } } { \sqrt { 12 } }$$
Find the mean and standard deviation for a uniform distribution having a minimum of $- 2$ and a maximum of 6

• A) \(\mu = 4 , \sigma = 2.31\)
• B) \(\mu = 2 , \sigma = 1.15\)
• C) \(\mu = 2 , \sigma = 2.31\)

Demonstrate understanding of efficiency and optimality in game outcomes.

Recognize the impact of reputation and historical actions on strategic decisions.

Explain the role of deterrents and incentives in shaping strategies and equilibria.

Understand how repeated interactions affect strategy and equilibrium.

---

Definitions:

Informational Report

A factual document aimed at informing the reader about a specific topic, without persuasion.

Topical Category

A classification or grouping based on subject matter or theme.

Potential Ramifications

Possible consequences or outcomes that may result from a particular action or decision.

Decision

The act or process of making a choice among available alternatives based on judgement or information.