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A game has two players and each has two strategies.The strategies are Be Nice and Be Mean.If both players play Be Nice, both get a payoff of 5.If both players play Be Mean, both get a payoff of 23.If one player plays Be Nice and the other plays Be Mean, the player who played Be Nice gets 0 and the player who played Be Mean gets 10.Playing Be Mean is a dominant strategy for both players.
Walter Shewhart
A pioneering American physicist known for his work in statistical process control and creating the control chart method.
Control Chart
A statistical tool used to monitor, control, and improve the quality of processes by identifying any variations.
Horizontal Lines
Lines that run parallel to the horizon or ground level, often used in charts, graphs, and design to denote stability or a baseline.
Standard Error
An estimate of the standard deviation of the sampling distribution of a statistic, often used to measure the accuracy of sample means.
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