MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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Transcribed Image Text:A politician can emphasize jobs or the
environment in her election campaign. The
voters can be concerned about jobs or the
environment. A payoff matrix showing the utility
of each possible outcome is shown. The political
analysts feel there is a 0.51 chance that the
voters will emphasize jobs.
Voters
Jobs Environment
+25
Jobs
- 10
Environment - 15
+30
Which strategy should the candidate adopt? What is the expected utility?
Which should the candidate emphasize to gain the highest utility?
Jobs
Environment
What is the expected utility of the strategy chosen in the previous step?
7.05 (Type an integer or a decimal.)
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