Question

A. Construct the Gonditional fayof Formilae

b. Detormine Q that generates the mappmum expected payoff.
10
12 144 120
14 120 168
16

24 142 144 9,6
96 9,6
28,8 57,6
14,4 28,8 43,3 57,6

Answer 1

To calculate the average expected winnings per game, multiply each payoff by its corresponding probability and then sum up the products. Compare the expected average winnings per game with the cost of playing the game to determine whether the deal should be taken.

Step-by-step explanation:

The given problem involves creating a Conditional flyoff's Formulae, which I believe is a typographical error. However, based on the given data, we can calculate the average expected winnings per game and determine whether the deal should be taken.

1. To calculate the average expected winnings per game, we need to multiply each payoff by its corresponding probability and then sum up the products. For example, the expected payoff for the first game is (10 * 0.08) + (12 * 0.12) + (14 * 0.22) + (16 * 0.34) + (18 * 0.24) = 14.48. Performing this calculation for all the games and finding their average will give us the expected average winnings per game.
2. To determine whether the deal should be taken, we need to compare the expected average winnings per game with the cost of playing the game. If the expected average winnings per game are greater than the cost, then it would be beneficial to take the deal. If the expected average winnings per game are less than the cost, it would be better to avoid the deal. If the expected average winnings per game are equal to the cost, it would be a neutral decision.