Management is uncomfortable stating probabilities for the states of nature for a trade bill passing.Depending on its probability they will invest in one of three countries; A, B, or C.Let p denote the probability of the bill passing.ABCp >0.7619p <0.6234p <0.4545Trade BillPassesp>0.4545p < 0.7619320260370Trade BillAt what probability or less would Country B be the best option?160210Fails

To find: At what probability or less would country B be the best option?

Answered: Management is uncomfortable stating…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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If a household has at least one cat, there is a 30% probability that the household has at least one dog. Thirty percent of households have at least one cat and 33% of households have at least one dog. Given that a household has at least one dog, the probability that the same household has at least one cat is ________.
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Which of the following values cannot be probabilities? 0, 5/3, 3/5, 1, - 0.53, 1.16, 0.01, 2 Select all the values that cannot be probabilities. OA. 2 O B. - 0.53 O C. 0 O D. 0.01 O E. 3 F. 1.16 O G. 1 H. 5
At a company, the employees were surveyed and classified according to their level of education and whether they smoked or not. The data are shown in the table. High school graduate College graduate Smoke 09 19 Do not Smoke 17 25 If an employee is selected at random, find the following probabilities. (Round your answers to three decimal places) a. Employee smokes and is a college graduate. b. Employee smokes or is a college graduate. c. Employee smokes, given that he or she graduated from college. d. Employee is a college graduate, given that he or she smokes.
A sign on the pumps at a gas station encourages customers to have their oil checked, and claims that one out of 7 cars needs to have oil added. If this is true, what is the probability of each of the following A. One out of the next four cars needs oil. Probability = B. Two out of the next eight cars needs oil. Probability = C. 10 out of the next 40 cars needs oil, Probability =
USA Today reports that about 25% of all prison parolees become repeat offenders. Alice is a social worker whose job is to counsel people on parole. Let us say success means a person does not become a repeat offender. Alice has been given a group of four parolees. a. Find the probability P(r) ranging from 0 to 4. a.) ___________ ___________ ___________ ___________ ___________ b. What is the expected number of parolees in Alice’s group (mean) who will not be repeat offenders? b.) _________________________ c. What is the standard deviation?c.) _________________________
Alex has a bag of stuffed animals containing nine bears, six lions, and three monkeys. The probability that Alex will randomly pull out a bear and then a lion is .Using this probability, determine if the event of pulling out a bear and the event of pulling out a lion was independent, dependent, both, or neither. A. neither independent nor dependent B. dependent C. both independent and dependent D. independent
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SHORT ANSWER. Write the word or phrase that best completes each Determine whether the following is a probability distribution. If not, identify the requirement that is not satisfied. 2) A police department reports that the probabilities that 0, 1, 2, 3, and 4 car thefts will be reported in a given day are 0.183, 0.311, 0.264, 0.150, and 0.064, respectively. 2) MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.
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