3. Player A has a $1 bill and a $20 bill, and player B has a $5 bill and a $10 bill.Each player will select a bill from the other player without knowing what bill theother player selected. If the total of the bills selected is odd, player A gets both ofthe two bills that were selected, but if the total is even, player B gets both bills.(a) Develop a payoff table for this game. (Place the sum of both bills in each cell.)(b) What are the best strategies for each player?(c) What is the value of the game? Which player would you like to be?

Answered: Image /qna-images/answer/2a906e7a-70c8-4e14-be5f-c56200a1a103.jpg

Answered: Player A has a $1 bill and a $20 bill,…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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A lawyer, considering taking a case figures that there is a two and five chances of winning the case in the court and earning his firm $400,000, a two and five chances of losing and costing his firm $250,000, and a one and five chances of settling out of court and bringing in $200,000. Should the lawyer take the case based on his expected payoff? explain using mathematical argument.
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Hello Class, Imagine that you won $25,000. Great deal! You decided to invest it (good idea!). You invested one part of it in the Apple Valley Bank, second part in the Green Bank, and the third part in the Blue Bank. After one year, you received a total of $1,620 in simple interest from the three investments. The Apple Valley Bank paid 6% annually, the Green Bank paid 7% annually, and the Blue Bank paid 8% annually. There was $6,000 more invested in the Green Bank than the Blue Bank. What is the amount you invested in each category.
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Your school's basketball team is organizing a bus trip to a Toronto Raptors game at the Air Canada Centre. The cost to rent the bus, which can carry up to 52 people, is $380 and the cost of tickets for a group of 20 or more is $29.50 per person. In addition, the team wants to make a $250 profit from this event to help defray the costs of a future tournament. However, the school administration requires that the cost of the trip per person not exceed $45. Is this possible? If so, what is the minimum number of people that must participate in the activity?

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