Answer to Question #79135 in Math for Kennedy

Question

The table below gives the proposed prices for two competing airlines

Airline A

Airline B

A1

A2

A3

A4

B1
B2
B3
B4
0.12
-0.23
0.59
-0.05
0.61
0.28
0.19
-0.21
0.18
0.19
0.17
0.01
0.41
0.53
0.13
0.03
Required:
i. Determine the mixed strategies (4 marks)
Calculate the value of the game.

Answer 1

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