3. Quick decision analysis | Please pick the best outcome after calculation. a) Council would accept (P2=0.6) and the mayor would not veto (P3=0.8). The probability of the compound event is b) Council would accept (P2=0.6) and the mayor would veto (1-P3=0.2). The probability of the compound event is

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Quick decision analysis

3. Quick decision analysis |
Please pick the best outcome after calculation.
a) Council would accept (P2=0.6) and the mayor would not veto (P3=0.8). The probability of the
compound event is
b) Council would accept (P2=0.6) and the mayor would veto (1-P3=0.2). The probability of the
compound event is
c) Council would reject (1-P2=0.4) and the council would return the same budget (P4=0.6). The
probability of this compound event is
Transcribed Image Text:3. Quick decision analysis | Please pick the best outcome after calculation. a) Council would accept (P2=0.6) and the mayor would not veto (P3=0.8). The probability of the compound event is b) Council would accept (P2=0.6) and the mayor would veto (1-P3=0.2). The probability of the compound event is c) Council would reject (1-P2=0.4) and the council would return the same budget (P4=0.6). The probability of this compound event is
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