Two dentists, Lydia Russell and Jerry Carlton, are planning to establish practices in a newly developed community. Both have allocated approximately the same total budget for advertising in the local newspaper and for the distribution of fliers announcing their practices. Because of the location of their offices, Russell is expected to get 43% of the business if both dentist advertise only in the local newspaper; if both dentist advertise through fliers, then Russell is expected to get 39% of the business; if Russell advertises exclusively in the local newspaper and Carlton advertises exclusively through fliers, then Russell expected to get 66% of the business. Finally, if Russell advertises through fliers exclusively and Carlton advertises exclusively in the local newspaper, then Russell is expected to get 58% of the business. (a) Construct the payoff matrix for the game. (Enter each percentage as a decimal.) Carlton Russell N F P = N F Is the game strictly determined? Yes No (b) Find the optimal strategy for both Russell (row) and Carlton (column). (Round your answers to three decimal places.)

Two dentists, Lydia Russell and Jerry Carlton, are planning to establish practices in a newly developed community. Both have allocated approximately the same total budget for advertising in the local newspaper and for the distribution of fliers announcing their practices. Because of the location of their offices, Russell is expected to get 43% of the business if both dentist advertise only in the local newspaper; if both dentist advertise through fliers, then Russell is expected to get 39% of the business; if Russell advertises exclusively in the local newspaper and Carlton advertises exclusively through fliers, then Russell expected to get 66% of the business. Finally, if Russell advertises through fliers exclusively and Carlton advertises exclusively in the local newspaper, then Russell is expected to get 58% of the business. (a) Construct the payoff matrix for the game. (Enter each percentage as a decimal.) Carlton Russell N F P = N F Is the game strictly determined? Yes No (b) Find the optimal strategy for both Russell (row) and Carlton (column). (Round your answers to three decimal places.)

College Algebra (MindTap Course List)

12th Edition

ISBN:9781305652231

Author:R. David Gustafson, Jeff Hughes

Publisher:R. David Gustafson, Jeff Hughes

Chapter6: Linear Systems

Section6.8: Linear Programming

Problem 5SC: If during the following year it is predicted that each comedy skit will generate 30 thousand and...

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