REA town has two banks, bank R and bank C, which compete about equally for the t
ID: 2906865 • Letter: R
Question
REA town has two banks, bank R and bank C, which compete about equally for the town's business. Each week each bank decides to use only one means of promotion: TV, radio newspaper, or mail. A research firm provided the given payoff matrix, which indicates the percentage of marketnR orloss for each choice of action by R and by C (we assume '. Paper|-2-1 that any gain by R is a loss by C, and vice versa) TV Radio Paper Mail 3 -2 0 2 gain Radio 0 11 Mail 2 12 What are the optimum strategies for R and C? R-| | (Type integers or simplified fractions for each matrix element.) (Type integers or simplfied fractions for each matrix element ) What is the game value? (Type an integer or a simplified fraction )Explanation / Answer
The optimum strategies for R is -2
and optimum strategies for C is 1
The game value is 0
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