The Numbers Used to Identify Basketball Players Are Representative of Which

question 12

Multiple Choice

The numbers used to identify basketball players are representative of which measurement scale?

• A) nominal
• B) ordinal
• C) interval
• D) ratio

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Definitions:

Dominant Strategy

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

Equilibrium Outcome

The point at which market supply and demand balance each other, and, as a result, prices become stable.

Mixed Strategies Equilibrium

is a concept in game theory where each player in a game chooses a combination of actions and their associated probabilities to maximize their utility under uncertainty.

Equilibria

The state of balance in a market or other system where supply and demand are matched, and there is no tendency to change.