Use the payoff matrix to determine the best strategy.A farmer must decide on which of two pieces of land to grow his crops. The first piece of land has better soil and will yield a larger harvest. However this piece of land is low lying and is coastal and his crops will be destroyed in the event of a storm and flooding. The second piece of land has poorer soil and will yield a smaller harvest but is at a higher elevation and would not be affected by flooding. He estimates that the payoff matrix is as follows:FloodingNo floodingWhat is the farmer's best strategy if he is a

pessimist?

A. Use the land that is at a higher elevation
B. Wait and see
C. Use the land that is at a lower elevation


Answer: A

Mathematics

You might also like to view...

Sketch several solution curves.y' = y4 - y3

What will be an ideal response?

Mathematics

The line graph shows the percentage of obese adults in a certain city by age. Based on the information in the graph, represent the set using the roster method.{x | x is an age at which 12% of adults in city X are obese}

A. {40} B. {30} C. {50} D. {60}

Mathematics

Multiply using FOIL. Assume all variables have nonnegative values.( + )( + )

A.  +  +  +  
B.  +  + 6 +  
C.  +  + 5 +  
D.  +  + 25 +  

Mathematics

Solve the triangle, if possible. If the triangle represents the ambiguous case, solve for all possible triangles. Approximate values to the nearest tenth when appropriate.

A. ? = 31.5°, ? = 48.7°, c = 27.5 B. ? = 53.7°, ? = 26.5°, c = 27.5 C. ? = 26.5°, ? = 53.7°, c = 27.5 D. No solution

Mathematics