Watch your language typing. It should be text/javascript. Right now you have text/jaavascript. Depending on the browser and your doctype, this could prevent your script from even executing (it wouldn't just fail silently, it wouldn't even get the chance to fail).
In addition to the answers already given, try declaring your array only once. There are several ways create the data structure you're after. Use whichever style you find most comfortable.
var version = [['JD',"87.5-107.9"],["ED","87.5-108.0"],["EED","65.0-74.0"]];
var version = [];
version[0] = ["JD","87.5-107.9"]
version[1] = ["ED","87.5-108.0"];
version[2] = ["EED","65.0-74.0"];
var version = [];
version[0] = [];
version[0,0]="JD";
version[0,1]="87.5-107.9";
version[1] = [];
version[1,0]="ED";
version[1,1]="87.5-108.0";
version[2] = [];
version[2,0]="EED";
version[2,1]="65.0-74.0";
About the third version, though, I'm actually not sure that your array notation (version[0,1]) is universally supported. I don't think I've seen anyone use that notation in more than 10 years. Typically, you access members of a multi-dimensional array with the notation: myArray[x][y]. But maybe that's just a style difference. I'm not sure.
[EDIT] Are you trying to do something like this? This isn't terribly efficient, but it may be a starting point for you. In this case, jQuery is definitely your friend.
<input type="radio" name="version" value="87.5-107.9" /><label class="version">JD</label><br />
<input type="radio" name="version" value="87.5-108.0" /><label class="version">ED</label><br />
<input type="radio" name="version" value="65.0-74.0" /><label class="version">EED</label><br />
<input type="text" name="version_text" value="Enter your value" />
<script type="text/javascript" src="http://ajax.googleapis.com/ajax/libs/jquery/1.4.2/jquery.min.js"></script>
<script type="text/javascript">//<![[
var jVersionTextInput = $('input[name=version_text]');
var jLabels = $('label.version');
var jRadioButtons = $('input[name=version]');
var intVersionCount = jLabels.size();
var updateRadioButtons = function() {
var rxLabelValue;
var isValueFound = false;
rxLabelValue = new RegExp( $(jVersionTextInput).val() );
for (var i = 0; i < intVersionCount; i++) {
if (!isValueFound && rxLabelValue.test($(jLabels[i]).html())) {
jRadioButtons[i].checked = true;
isValueFound = true;
}
else {
jRadioButtons[i].checked = false;
}
}
}
jVersionTextInput.keyup(updateRadioButtons);
//]]></script>