Let L denote the event that in the next three months Lenovo cuts the price of its computers. Let H1, H2, and H3 represent the events that in the next three months Hewlett-Packard cuts, maintains, or raises the prices of its computers. Let P(H1) = .3, P(H2) = .6, and P(H3) = .1. Let P(L\H1) = .7, P(L|H2) .4, and P(L|H3) = .2. Given those probabilities, P(L) = %3D %3D %3D %3D %3D %3D %3D

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9. Let L denote the event that in the next three months Lenovo cuts the price of
its computers. Let H1, H2, and H3 represent the events that in the next three
months Hewlett-Packard cuts, maintains, or raises the prices of its computers.
Let P(H1) = .3, P(H2) = .6, and P(H3) = .1. Let P(L|H\) = .7, P(L|H2) =
.4, and P(L|H3) = .2. Given those probabilities, P(L) =
%3D
%3D
(a) .740
(b) .530
(c) .470
(d) .300
(e) .074
Transcribed Image Text:9. Let L denote the event that in the next three months Lenovo cuts the price of its computers. Let H1, H2, and H3 represent the events that in the next three months Hewlett-Packard cuts, maintains, or raises the prices of its computers. Let P(H1) = .3, P(H2) = .6, and P(H3) = .1. Let P(L|H\) = .7, P(L|H2) = .4, and P(L|H3) = .2. Given those probabilities, P(L) = %3D %3D (a) .740 (b) .530 (c) .470 (d) .300 (e) .074
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