Exhibit 7-3 in a Local University, 40% of the Students Live in Live

question 91

Multiple Choice

Exhibit 7-3
In a local university, 40% of the students live in the dormitories. A random sample of 80 students is selected for a particular study.
-Refer to Exhibit 7-3. The standard deviation of , known as the standard error of the proportion is approximately

• A)0.5477
• B)5.477
• C)0.05477
• D)54.77

Understand the prisoner's dilemma as a specific example of game theory applications.

Understand the basic concepts of game theory, including strategies, payoffs, and Nash equilibrium.

Identify actions as dominant strategies when they are the best outcome regardless of others' actions.

Comprehend the structure and implications of the prisoners' dilemma in strategic decision-making.