General Buck Turgidson is preparing to make his annual budget presentation to the U.S. Senate and is speculating about his chances of getting all or part of his requested budget approved. From his 20 years of experience in making these requests, he has deduced that his chances of getting between 50 and 74 percent of his budget approved are twice as good as those of getting between 75 and 99 percent approved, and two and one-half times as good as those of getting between 25 and 49 percent approved. Further, the general believes that there is no chance of less than 25 percent of his budget being approved. Finally, the entire budget has been approved only once during the general’s tenure, and the general does not expect this pattern to change. What are the probabilities of 0–24 percent, 25–49 percent, 50–74 percent, 75–99 percent, and 100 percent approval, according to the general?
General Buck Turgidson is preparing to make his annual budget presentation to the U.S. Senate and is speculating about his chances of getting all or part of his requested budget approved. From his 20 years of experience in making these requests, he has deduced that his chances of getting between 50 and 74 percent of his budget approved are twice as good as those of getting between 75 and 99 percent approved, and two and one-half times as good as those of getting between 25 and 49 percent approved. Further, the general believes that there is no chance of less than 25 percent of his budget being approved. Finally, the entire budget has been approved only once during the general’s tenure, and the general does not expect this pattern to change. What are the probabilities of 0–24 percent, 25–49 percent, 50–74 percent, 75–99 percent, and 100 percent approval, according to the general?
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