CS315 (Meol1) - or - A2
CS315 (Meol1) - or - A2
CS315 (Meol1) - or - A2
b) Use dominance to reduce the following pay-off matrix to a 2 × 2 game and hence find the CO3 L3
optimal strategies and the value of the game:
Use the following sequence of random numbers to simulate the demand for next 10 days.
Random numbers: 25, 39, 65, 76, 12, 05, 73, 89, 19, 49. Also estimate the daily average
demand for the cakes on the basis of the simulated data.