Quiz Space

Game Theory and Strategy · End Term · 31 Aug 2025 · May 2025 term · Set QDB3

Question 23: Suppose an item is selected at random and found to be de…

Question 23

+2 marksNumerical answer

Three machines, A, B, and C, produce respectively 50%, 30% and 20% of the total no. of items of a factory. The percentages of defective output of these machines are 3%, 4% and 5%.
Based on the above data, answer the given subquestions.

Suppose an item is selected at random and found to be defective. The probability that the item was produced by machine A will be ____________

Show answer

Correct answer: 0.4025 (accepted within ±0.0025)

Question 23 of 37 in the IIT Madras BS Game Theory and Strategy (Game Theory) End Term paper sat on 31 Aug 2025, in the May 2025 term (IIT M DEGREE AN EXAM QDB3 31 Aug 2025). It carries 2 marks.

This question was also asked in

More questions from this paper

  1. Q1How many symmetric players are in this game: _
  2. Q2Which player is the null player in this game?
  3. Q3Enter the coalition function for the game [61;40,40,30,10] and answer the given sub-questions:
  4. Q4Enter the coalition function for the game [61;40,40,30,10] and answer the given sub-questions:
  5. Q5Enter the coalition function for the game [61;40,40,30,10] and answer the given sub-questions:
  6. Q6Enter the coalition function for the game [61;40,40,30,10] and answer the given sub-questions:
  7. Q7Consider the market for a single network good as discussed in the lecture, and write a different consumer's utility fun…
  8. Q8Consider the market for a single network good as discussed in the lecture, and write a different consumer's utility fun…
  9. Q9Consider the market for a single network good as discussed in the lecture, and write a different consumer's utility fun…
  10. Q10Consider the market for a single network good as discussed in the lecture, and write a different consumer's utility fun…
  11. Q11Consider the market for a single network good as discussed in the lecture, and write a different consumer's utility fun…
  12. Q12Consider the market for a single network good as discussed in the lecture, and write a different consumer's utility fun…
  13. Q13Total valuation of socially optimal allocation will be _
  14. Q14VCG price for slot a will be _
  15. Q15VCG price for slot b will be
  16. Q16S1 = _
  17. Q17S2 = _
  18. Q18S3 = _
  19. Q19A cable TV station wants to connect three new customers to its network. The connections to the network are described in…
  20. Q20A cable TV station wants to connect three new customers to its network. The connections to the network are described in…
  21. Q21A cable TV station wants to connect three new customers to its network. The connections to the network are described in…
  22. Q22If an item is selected at random, the probability that the item is defective is
  23. Q24Based on the above data, answer the given subquestions.
  24. Q25Based on the above data, answer the given subquestions.
  25. Q26Based on the above data, answer the given subquestions.
  26. Q27How many pure strategy equilibria are there in this game?
  27. Q28In one of these pure NEs, all three players enter the market
  28. Q29There is a symmetric mixed strategy equilibrium where all three players enter with the same probability (say p). Find t…
  29. Q30Creditor 1 with claim 400 units gets
  30. Q31Creditor 2 with claim 300 units gets
  31. Q32Optimal bid for a bidder with valuation 0.6 will be
  32. Q33The expected revenue of the seller in this auction scenario will be
  33. Q34Suppose 5 numbers are drawn independently from the uniform distribution on the interval [0, 1] and then sorted from sma…
  34. Q35In weighted majority game [7; 5, 1, 3, 4]
  35. Q36Consider following two statements:\ Crowd can be never be wrong even if everyone in the crowd is rational and everyone …
  36. Q37Choose the correct alternative .