The pizza business in Little Town is split between two rivals, Tony and Joey. They are eachinvestigating strategies to steal business away from the other. Joey is considering either loweringprices or cutting bigger slices. Tony is looking into starting up a line of gourmet pizzas, or offeringoutdoor seating, or giving free sodas at lunchtime. The effects of these various strategies aresummarized in the following payoff matrix (entries are dozens of pizzas, Joeys gain and Tonysloss).For instance, if Joey reduces prices and Tony goes with the gourmet option, then Tony will lose 2dozen pizzas worth of business to Joey.What is the value of this game, and what are the optimal strategies for Tony and Joey?

Statistics Notes Week of Oct. 24th 9.2: Hypothesis Test for Variables Forming a Null and Alternative Hypothesis Hypothesis Null Hypothesis: The conclusion that there is no correlation between the specified populations, meaning the populations are independent. ● The null hypothesis is written as Ho ● For example, if the sample is meant...