Two armies A and B are at war. Army A has 2 identical tanks and Army B has 2 identical tanks (but different than those of Army A). Army A's tanks have a probability of 1/2 of destroying the tank at which they fire. Army B's tanks have a probability of 1/3 of destroying the tank at which they fire. At ach round all the available tanks fire once. Those tanks that are not hit continue to the next round. If th armies have 2 tanks each, then each tank fires at a different opposing tank. If one army has one k and the other army has 2 tanks, then the first tank fires at one of the other tanks at random. If one yas 2 tanks and the other army has only one tank, then both tanks fire at the single enemy tank. Es fire at each other simultaneously. Form a Markov chain by taking as states the number of tanks o type that are still available. Don't solve the game.
Two armies A and B are at war. Army A has 2 identical tanks and Army B has 2 identical tanks (but different than those of Army A). Army A's tanks have a probability of 1/2 of destroying the tank at which they fire. Army B's tanks have a probability of 1/3 of destroying the tank at which they fire. At ach round all the available tanks fire once. Those tanks that are not hit continue to the next round. If th armies have 2 tanks each, then each tank fires at a different opposing tank. If one army has one k and the other army has 2 tanks, then the first tank fires at one of the other tanks at random. If one yas 2 tanks and the other army has only one tank, then both tanks fire at the single enemy tank. Es fire at each other simultaneously. Form a Markov chain by taking as states the number of tanks o type that are still available. Don't solve the game.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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