[Two home-improvement stores (Great Home and Super Home) in a growing urban area are interested in expanding their market share. Both are interested in expanding the size of their store and parking lot to accommodate potential growth in their customer base. Two possible actions for both the firms are: ‘increase the size of the store and parking lot’ and ‘do not increase the size of the store and parking lot’. Payoffs are defined in terms of increase in annual profits in $million. The following table describes the payoffs for both the firms to alternative actions taken by each of them. Note, Great Home’s payoffs are given first and Super Home’s payoff are given second.]
Super Home
Increase
Do not increase

Great Home Increase
($1.5 million, $1m) ($3.4m, $0.4m)
Do not increase
($0.6m $3.2m) ($2.5m, $2m)

“You can delete this table as well from your submitted file”.
a) [Let’s say, each store is pursuing its own best interest. What will be a rational (or dominant) strategy for Super Home to follow? Explain in 3-4 sentences. What will be a rational (or dominant) strategy for Great Home to follow? Explain in 3-4 sentences. (4 marks)]
b) [What will be the annual profit growth for each store, if they both follow their dominant strategy? Define Nash Equilibrium and identify the Nash Equilibrium in the table above. (4 marks)]
c) [Suppose the owners of Super Home and Great Home meet for a friendly game of golf one afternoon and happen to discuss a strategy to optimize profit. What should the joint strategy be they should both agree to? What will annual profit growth be for each store under this agreement? (2 marks)]

Answers

Answer 1

a) For Super Home, the superior (or dominant) tactic is to magnify the size of the store and parking lot. This is, regardless of what Great Home does, Super Home's payoff is amplified when it expands its size ($1m vs $0.4m if Great Home amplifies; $3.2m vs $2m if Great Home passes).

What is the best strategy for Great Home?

Similarly, for Great Home, the logical (or dominant) strategy is also to expand the size of the store and parking lot. This is because, although unrelated to Super Home's decision, Great Home's payoff is augmented when it enlarges its size ($1.5m vs $0.6m if Super Home magnifies; $3.4m vs $2.5m if Super Home disallows).

b) If both stores implement their authoritative plan, Great Home will witness an annual profit growth of $1.5 million, and Super Home will observe an annual profit growth of $1 million.

A Nash Equilibrium comprehends a state wherein each player chooses their finest ploy given the stratagems selected by the other participant(s), and no player can modify their consequence through exclusively adapting their strategy. In this case, the Nash Equilibrium exists in (Increase, Increase), which spans over the payoffs ($1.5m, $1m).

c) The conjunctive approach both stores should commit to would be for Great Home to amplify the size of its store and parking lot, and Super Home to renounce increasing its size.

Under this harmonized approval, the annual profit growth for Great Home will come out at $3.4 million, and for Super Home, it will arrive at $0.4 million. This system gives rise to a higher collective gain compared to the Nash Equilibrium.

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Related Questions

Ice Mountain Ski Resort is Philip's favorite place to go in the winter. This year, his aunt bought him a season pass. Philip used his season pass discount to get $13.75 off of the price of a new helmet. After the discount, the helmet's price was $116.25.

Answers

Answer:

$130

Step-by-step explanation:

price of helmet =discount+ price after discount

=$13.75+$116.25

=$130

Complete the ratio table.

Answers

Answer:

55

70

Step-by-step explanation:

Hope this helps! Pls give brainliest!

Answer:

55 and 70

Step-by-step explanation:

5÷2=2.5

20÷8=2.5

45÷18=2.5

so

22×2.5=55

and

28×2.5=70

Which linear equation is represented in the graph?

A. y = 2x – 1

B. y = –2x – 1

C. y = –2x + 1

D. y = 2x + 1

Answers

The equation of the line passing through the given points is y = -2x+1.

Given that is a line passing through two points (0, 1) and (2, -3) we need to find the equation of the line using them,

We know that the equation of a line passing through points (x₁, y₁) and (x₂, y₂) is =

y-y₁ = y₂-y₁ / x₂-x₁ (x-x₁)

Here (x₁, y₁) and (x₂, y₂) are (0, 1) and (2, -3),

Therefore, the required equation is =

y-1 = -3-1/2 (x-0)

y-1 = -2x

y = -2x+1

Hence, the equation of the line passing through the given points is y = -2x+1.

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Let sin(2x) – sin(x) = 0, where 0 ≤ x < 2π. What are the possible solutions for x? Left-brace StartFraction pi Over 6 EndFraction, StartFraction 5 pi Over 6 EndFraction Right-brace Left-brace StartFraction pi Over 3 EndFraction, StartFraction 5 pi Over 3 EndFraction right-brace Left-brace StartFraction pi over 6 EndFraction, StartFraction pi Over 2 EndFraction, StartFraction 5 pi Over 6 EndFraction, StartFraction 3 pi Over 2 EndFraction right-brace

Answers

The possible solutions for x for the equation sin(2x) – sin(x) = 0 will be (π/3, 5π/3). Then the correct option is B.

Given that:

sin(2x) – sin(x) = 0

Simplify the equation, then the value of 'x' is calculated as,

sin(2x) – sin(x) = 0

sin(2x) = sin(x)

2 sin x cos x = sin x

cos x = 1/2

cos x = cos (π/3, 5π/3)

x = π/3, 5π/3

The possible solutions for x for the equation sin(2x) – sin(x) = 0 will be (π/3, 5π/3). Then the correct option is B.

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9. What is the measure of ZHLI?
H
K
30°

Answers

The missing angle of the given image is: ∠HLI = 150°

How to find the measure of the missing angle?

There are different terms in this type of case when looking for missing angles and they include:

Corresponding angles

Supplementary angles

Opposite angles

Alternate angles

Now, we are given that:

∠JLI = 30°

We know that the sum  of angles on a straight line is 180°. Thus:

∠HLI = 180° - 30°

∠HLI = 150°

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The data shown are the number of grams per serving of 30 selected brands of
cakes. Construct a frequency distribution using 5 classes.
32 47 51 41 46 30
46 38 34 34 52 48
48 38 43 41 21 24
25 29 33 45 51 32
32 27 23 23 34 35

Answers

The given data results in the following Frequency Distribution

Class Frequency

21-27 3

28-34 8

35-41 7

42-48 8

49-55 4

In statistics, frequency distribution is a way of organizing data into categories, or intervals, and counting how many observations fall into each category. It helps us understand the distribution of data and identify patterns within it.

To construct a frequency distribution using 5 classes, we need to first determine the range of the data:

Range = Maximum value - Minimum value

= 52 - 21

= 31

We can then calculate the width of each class:

Width = Range / Number of classes

= 31 / 5

= 6.2

Since we cannot have a fractional width, we round up to the nearest whole number. The class width is therefore 7.

Next, we need to determine the class intervals, or boundaries, which are the values that define each class. We start with the minimum value and add the class width successively:

Class 1: 21-27

Class 2: 28-34

Class 3: 35-41

Class 4: 42-48

Class 5: 49-55

We can now count how many observations fall into each class. The resulting frequency distribution is shown below:

Class Frequency

21-27 3

28-34 8

35-41 7

42-48 8

49-55 4

In this frequency distribution, we can see that the majority of the observations fall into the middle three classes, with fewer observations in the first and last classes. This suggests that the data is roughly symmetric and evenly distributed around the center.

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Write the equation for an exponential function, in the form ya x b. whose graph passes through the coordinate points (2, 12) and (3, 24).

Answers

The calculated equation for the exponential function is y = 3(2)ˣ

Calculating the equation for the exponential function

From the question, we have the following parameters that can be used in our computation:

Points = (2, 12) and (3, 24)

By definition, as exponential function is represented as

y = abˣ

Substitute the known values in the above equation, so, we have the following representation

ab² = 12

ab³ = 24

So, we have

b = 2

This means that

a(2)³ = 24

So, we have

a = 3

Recall that

y = abˣ

So, we have

y = 3(2)ˣ

Hence, the equation for the exponential function is y = 3(2)ˣ

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In the spring of 2017, the Consumer Reports National Research Center conducted a survey of 1,007 adults to learn about their major healthcare concerns. The survey results showed that 575 of the respondents lack confidence they will be able to afford health insurance in the future.

(a)
What is the point estimate of the population proportion of adults who lack confidence they will be able to afford health insurance in the future. (Round your answer to two decimal places.)

(b)
At 90% confidence, what is the margin of error? (Round your answer to four decimal places.)

(c)
Develop a 90% confidence interval for the population proportion of adults who lack confidence they will be able to afford health insurance in the future. (Round your answer to four decimal places.)
to

(d)
Develop a 95% confidence interval for this population proportion. (Round your answer to four decimal places.)
to

Answers

a) The point estimate of the population proportion of adults who lack confidence they will be able to afford health insurance in the future is 0.57

b) At 90% confidence, the margin of error is 0.0324.

c) The 90% confidence interval is (0.5376, 0.6024).

d) The 95% confidence interval is (0.5314, 0.6086).

(a) The point estimate of the population proportion of adults who lack confidence they will be able to afford health insurance in the future can be found by dividing the number of respondents who lack confidence (575) by the total number of respondents (1,007):

Point estimate = 575/1007 = 0.57 (rounded to two decimal places)

(b) The margin of error can be calculated using the formula:

Margin of error = z√(p'(1-p')/n)

where z is the z-score associated with the desired level of confidence, p' is the point estimate, and n is the sample size. For a 90% confidence level, the z-score is 1.645.

Margin of error = 1.645√(0.57*(1-0.57)/1007) ≈ 0.0324 (rounded to four decimal places)

(c) The 90% confidence interval can be calculated using the formula:

Point estimate ± Margin of error

Substituting the values:

0.57 ± 0.0324

The 90% confidence interval is (0.5376, 0.6024) (rounded to four decimal places).

(d) The 95% confidence interval can be calculated in the same way, but with a different z-score. For a 95% confidence level, the z-score is 1.96.

Margin of error = 1.96√(0.57(1-0.57)/1007) ≈ 0.0386 (rounded to four decimal places)

0.57 ± 0.0386

The 95% confidence interval is (0.5314, 0.6086) (rounded to four decimal places).

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What transformation maps the pre-image (red) onto the image (blue)?
O reflection
O glide reflection
O rotation
O translation

Answers

Answer: Translation

Step-by-step explanation:

      To get from the pre-transformation shape (red) to the transformed image (blue), a translation takes place. This is where the shape is not rotated, reflected, or stretched, but simplify "slided" or "shifted" somewhere else.

if A C B, then

1) A U B = B
2) A n B = 0
3) A n B =B

Answers

If in the set A ⊂ B then the statement A U B = B

What is a set?

A set is a collection of well defined items.

Since we have A ⊂ B, we want to determine which statement of the set is true. To determine that, we proceed as follows.

Given that A ⊂ B which means that A is a subset of B. which implies that all the elements of the set A are in set B, then this implies that  A U B = B.Since all the elements in set A are in set B.The statement  A n B = 0 is false since all elements in A are in BAlso, the statement  A n B = B is false since all elements in set A are in B

So, if A ⊂ B then the statement A U B = B

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please show work asap thankyou so much

Answers

The net sales, =$20.98

The Goods available for sales= $2,045

The total cost of Goods sold=$1,955

Gross profit =$1,934.02

Net income = $1,395.98

How to determine the net sales from the last month's business income statement?

The operating income (sales) = $7,240

The return on sales (ROS) = $345

The net sales (revenue generated) = ?

But ROS = operating income/net sales

Net sales = 7240/345;

= $20.98

The goods available for sale = beginning inventory+ new purchase = $725+$1320 = $2,045.

The total cost of Goods sold = Beginning inventory+goods available for sale - end inventory.

= 725+2,045- 815

= 2770-815

= $1,955

The gross profit = cost of goods sold (COGS) - total revenues.

= $1,955-$20.98

= $1,934.02

Net income = total operating expenses - gross profit

operating expenses = 1,750+1000+280+150+150 = $3,330

gross profit = $1,934.02

Net income = 3,330-1,934.02 = $1,395.98

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2. Marshall wants to save at least $175
for a new video game system and
some games. So far, he has saved
$68.50.
Part A
Write an inequality to represent the
amount of money, a, that Marshall still
needs to save.
Part B
Solve the inequality. Which of the
following describes how much money
Marshall still needs to save?
A He needs to save at least $106.50
more.
B He needs to save at most $106.50
more.
He needs to save at least $243.50
more.
D He needs to save at most $243.50
more.

Answers

The solutions to the inequality word problem are:

2) a + $68.50 ≥ $175

3) A He needs to save at least $106.50 more.

How to solve Inequality word problems?

2) We are told that  Marshall wants to save at least $175 for a new video game system and some games.

So far, he has saved $68.50.

If the amount of money he needs to save extra is a, then the inequality we have:

a + $68.50 ≥ $175

3) a + $68.50 ≥ $175

subtracting $68.50 from both sides gives:

a ≥ 175 - 68.5

a ≥ $106.5

He needs to save at least $106.50 more.

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Please help me with these 6th grade math questions.

Answers

Answer:

1. s < 40

2. w ≤ 12

3. D ≥ 110

4. D ≤ 3 1/2

5. w ≥ 30

6. m ≥ 45

7. t ≠ 21

8. c < 45

9. D > 1/5

10. s ≠ 45 5/6

11. h ≥ 48

12. P ≠ 5

25. Write a linear equation for each of the following scenarios. Then, solve for the variable
you created.
a. Kayla has a certain amount of money. If she spends $12.00, then she has of the
original amount left. What was the original amount of money Kayla has?
Equation:
Answer:

Answers

The linear equation for the scenario is y = x - 12

Writing the linear equation for each of the scenario

From the question, we have the following parameters that can be used in our computation:

Kayla has a certain amount of money. She spends $12.00, then she has of the original amount left

Represent the original amount with x

and the amount left with y

So, we have

Amout left = x - 12

Using the variable representtaion, we have

y = x - 12

Hence. the scenario is y = x - 12

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if A C B, then A n B = A U B

1) sometimes
2) never
3) always

Answers

if A C B, then A n B = A U B is always true

How to determine if A C B, then A n B = A U B

The statement "if A C B, then A n B = A U B" can be rephrased as "if A is a subset of B, then the intersection of A and B is equal to the union of A and B".

Every element of A is also an element of B. Therefore, the intersection of A and B contains all the elements of A.

On the other hand, the union of A and B contains all the elements of A and all the elements of B. Since A is a subset of B, all the elements of A are already included in B, so the union of A and B is just equal to B.

Therefore, we have:

A n B = A (since all the elements of A are in both A and B)

A U B = B (since A is a subset of B)

So A n B = A U B = B, which means that the original statement "if A C B, then A n B = A U B" is true

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PLEASE I REALLY NEED THIS HELP

solve the triangle. round to the nearest tenth

Answers

The correct solution of the triangle is seen in option D

How do you solve the triangle?

In this case, we would need to use the sine rule so as to solve the triangle as we have in the problem that is before us here. The sine rule states that;

a/Sin A = b/SinB = c/SinC

We know that we can be able to obtain the angle C using the sine rule;

29/Sin 42 = 33/SinC

SinC = 33Sin42/29

C = Sin-1(33Sin42/29)

C = 49.6 degrees

The angle B is now;

180 - (42 + 50)

B = 88.4 degrees

Then;

b/Sin 88 = 29/Sin42

b = 29 Sin 88/Sin42

b = 28.98/0.669

b = 43.3

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The table below shows the lengths and weights of six dolphins at an aquarium. Use the data from Pax and Snowflake to create a linear model that predicts the weight (y) of a dolphin given its length (x). Which dolphin's weight differs most from the value predicted by this model?

Answers

The dolphin's weight that differs most from the value predicted by this model is JoJo's (31 lb of difference)

Let's elaborate the model this way:

Snowflake's length - Pax's length = 8.2 - 7.6 = 0.6 ft

Snowflake's weight - Pax's weight = 549 - 519 = 30 lb

Ratio = 30/0.6 = 50 lb/ft

This means that for every foot of length, the dolphin has a variable weight of 50 lb.

However, if we multiply the ratio by the actual length of the two dolphins, we will have these results:

Snowflake = 50 × 8.2 = 410

Pax = 50× 7.6 = 380

Snowflake = Actual weight - Ratio× Length = 549 - 410 = 139

Pax = Actual weight - Ratio × Length = 519 - 380 = 139

The common difference is 139.

Therefore, the linear model that predicts the weight (y) of a dolphin given its length (X) is:

y = 139 + 50x

Now, let's use the linear equation or model to calculate the weight of the remaining four dolphins, as follows:

Blaze  y = 139 + 50 × 6.8 = 479 ⇒ difference of 9 lb (488 - 479)

JoJo   y = 139 + 50 × 5.8 = 429 ⇒ difference of 31 lb (460 - 429)

Corky   y = 139 + 50 ×8.4 = 559 ⇒ difference of 2 lb  (559 - 557)

Shadow  y = 139 + 50 × 7.4 = 509 ⇒ difference of 8 lb  (509 - 501)

Hence, the dolphin's weight that differs most from the value predicted by this model is JoJo's (31 lb of difference)

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The table below shows the lengths and weights of six dolphins at an aquarium. Use the data from Pax and Snowflake to

create a linear model that predicts the weight (y) of a dolphin given its length (X). Which dolphin's weight differs most from th

value predicted by this model?

Name

Snowflake

Shadow

Corky

Pax

JoJo

Blaze

Length (ft)

8.2

74

8.4

7.6

5.8

6.8

Weight (lb)

549

501

557

519

460

488

Blaze

JOJO

Corky

Shadow

Write an inequality to represent the domain of the situation :

Write an inequality to represent the range of the situation :

If the equation of the function is c (x) = n (1.35)^x, the value of n is :

Answers

An inequality to represent the domain of the situation: 0 ≤ x ≤ 6

An inequality to represent the range of the situation: 4 ≤ y ≤ 24

If the equation of the function is [tex]c(x) = n(1.35)^x[/tex], the value of n is: 4.

What is a domain?

In Mathematics and Geometry, a domain refers to the set of all real numbers for which a particular function is defined.

Furthermore, the vertical extent of any graph of a function represents all range values and they are always read and written from smaller to larger numerical values, and from the bottom of the graph to the top.

By critically observing the graph of this logarithmic function shown in the image attached above, we can reasonably and logically deduce the following domain and range:

Domain = [0, 6] or 0 ≤ x ≤ 6.

Range = [4, 24] or 4 ≤ y ≤ 24.

Next, we would determine the value of n by using the y-intercept (0, 4);

[tex]c(x) = n(1.35)^x\\\\4=n(1.35)^0[/tex]

n = 4.

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The US Fish and Wildlife Service reported that the mean length of a 6 year old trout in the Arolik River in Alaska is 480 and standard deviation of 40 mm. Assume length of trout is normally distributed,

a) Find the 58th percentile of the lengths

Answers

The 58th percentile of the lengths is 489.4 mm.

What is the 58th percentile of the lengths?

The 58th percentile of the lengths is calculated from normal distribution curve as shown below.

The mean of the distribution is at the 50th percentile.

The 58th percentile is between the mean and 1 standard deviation above the mean.

Mean (50%) = 480 mm

58% = ?

1 standard deviation above the mean (84%)= M + S.D = 480 mm + 40 mm = 520 mm

We are going to interpolate, to find the approximate value of the length.

50 ----- 480 mm

58 ----- ?

84 ------- 520 mm

(58 - 50)/(84 - 50) = (x - 480)/(520 - 480)

0.235(40) = x - 480

9.4 = x - 480

x = 489.4 mm

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Least common multiple of 5 and 2x-5

Answers

The least common multiple is 5

If 5, x, y, and 40 are in geometric progression find x and y respectively​

Answers

The values of x  and y in the geometric progression are 10 and 20

Finding x and y in the geometric progression

From the question, we have the following parameters that can be used in our computation:

5, x, y, and 40

To calculate the values of x and y, we have

x/5 = 40/y

Cross multiply

So, we have

xy = 200

Set x = 10

So, we have

10y = 200

This gives

y = 20

So, we have

10/5 = 40/20 = 2 --- true

Hence, x is 10 and y is 20

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I need help on these

Answers

The length of the segment in circle (9) is the radius x = 6. And the length of the segment in (10) is x = 8.9

What are the radius and diameter properties of a circle

A circle is a two-dimensional shape that is defined as a set of points that are equidistant from a single fixed point, called the center. The radius of a circle is the distance from the center to any point on the circumference. All radii of a circle are equal in length. While the diameter of a circle is a straight line passing through the center of the circle and touching two points on the circumference. The diameter is always twice the length of the radius.

For question (9):

the segments indicated as x and 6 are radii of the circle so;

x = 6

For question (10):

the radius = 31.6/2 = 15.8

also;

the radius = 6.9 + x

so;

x = 15.8 - 6.9

x = 8.9.

Therefore, the The length of the segment in circle (9) is the radius x = 6. And the length of the segment in (10) is x = 8.9

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I WILL GIVE 35 POINTS TO THOSE WHO ANSWER THIS QUESTION RIGHT NOOOO SCAMS PLEASE

Answers

Answer:

F1 8,-2 F2 -5,-3

Step-by-step explanation:

Helpp please guyssssss

Answers

Answer:

The answer and step by step explanation is above

What is the solution to the given linear-quadratic system: y = x + 5 and y = x² + 5?

Answers

Answer: 1 over 6

Step-by-step explanation:

We often use the phrase "to the power of" when talking about exponents. For example, x¹³ is
referred to as x to the power of 13. Why do you think that they would name it like this? How does
increasing the exponent of a number increase its "power"?
Hint: Use a number as an example. (for instance 2) if you keep increasing the power, what happens
to the answer? (i.e. compare 2¹, 22, 23, 24, ..., 213, 214, ... until you see the answer you are looking
for!)

Answers

The phrase, raise to the power of is used when referring to exponents because the power or strength increases with the addition of more numbers. For instance, 2 raised to the power of 1 is not as strong as 2 raised to the power of 100.

Why the phrase is used?

The usage of this phrase stems from the fact that numbers tend to increase in strength as they are raised to an increasing number of figures.  

The strength that numbers carry differs as they increase or decrease. Just as 10 is greater than 1 or 2, so will different powers of exponents differ in strengths.

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A hot air balloon is currently 100 feet above ground. After 5 minutes, the hot air balloon is 40 feet above ground. Write an equation

Answers

Answer:

100 + 5f = 40

5f = -60

f = -12 feet per minute (decrease of 12 feet per minute)

In the following diagram, ABCDABCD is a square. The coordinates of the vertices A,B,CA,B,C and DD are (3,3),(8,3),(8,8)(3,3),(8,3),(8,8) and (3,8)(3,8) respectively.

The square is dilated from the origin by a factor of 1111 to give A′B′C′D′A′B′C′D′.

What are the coordinates of point C′C′? (NEED THIS ASAP)

Answers

Answer:

Step-by-step explanation:

To dilate the square by a factor of 1111 from the origin, we need to multiply each coordinate by 1111.

The coordinates of point C are (8,8). So, to find the coordinates of point C' after dilation, we can simply multiply each coordinate by 1111:

x-coordinate of C' = 1111 * 8 = 8888

y-coordinate of C' = 1111 * 8 = 8888

Therefore, the coordinates of point C' are (8888, 8888).

Find the surface area of the figure below. Round to the nearest 10th.

Answers

The surface area of the given composite figure is: 484.38 cm²

How to find the surface Area?

The formula for the area of a rectangle is:

Area = Length * Width

The formula for the area of a square is:

Area = side * side

The surface area is simply the area of each of the surfaces of the figure.

Thus, surface area of the given composite figure is:

4(13 * 10) + (10 * 10) + (10 * 10) - 3π(5²))

= 484.38 cm²

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What fraction is equal to 15/18

Answers

Both the numerator and denominator are divisible by three. Three goes into fifteen five times, and three goes into eighteen six times. Therefore, the simplified fraction is 5/6.
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