Convert the Following Fraction to Its Decimal Equivalent and Percent

question 95

Short Answer

Convert the following fraction to its decimal equivalent and percent equivalent values, rounded to five figures:

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Definitions:

Simultaneous Strategy

A tactic in game theory where players make their moves or decisions at the same time without knowledge of the others' choices, influencing outcomes in competitive situations.

Positive-Sum Strategy

A situation in economic, political, or trade relations where all parties benefit, as opposed to a zero-sum game where the gain of one party is exactly balanced by the loss of another.

Terminal Nodes

The end points of a decision tree where the outcomes are listed, with no further branches.

Sequential Game

A type of game in game theory where players make decisions one after another, with later players having some knowledge of earlier actions.