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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A game has three outcomes. The probability of a win is 0.4, the probability of tie is 0.5, and the probability of a loss is 0.1. What is the probability of not winning in a single play of the game? O A. 0.1 O B. 0.33 O C. 0.6 OD. 05
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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A buyer and a seller are bargaining over the sale of an object. The buyer knows that the seller values the object $0 with a probability of 0.25 and he values it $4 with a probability of 0.75. The seller knows that the buyer values the object either $1 or $5, each with a probability of 1/2. The table below shows what happens in each contingency Seller's value is $0 Seller's value is $4 Buyer's value is $1 Trade price is $1 NO TRADE Buyer's value is $5 Trade price is $p Trade price is $4 Find the interval for p such that The buyer with a valuation of $5 is not better-off reporting $1 The seller with a valuation of $0 is not better-off reporting $4. In blank 1 enter the lower value. In blank 2 enter the upper value.
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You purchase a brand new car for $15,000 and insure it. The policy pays 78% of the car's value if there is an issue with the engine or 30% of the car's value if there is an issue with the speaker system. The probability of an issue with the engine is 0.009, and the probability there is an issue with the speaker system is 0.02. The premium for the policy is p. Let X be the insurance company's net gain from this policy. (a) Create a probability distribution for X, using p to represent the premium on the policy. Enter the possible values of X in ascending order from left to right. P(X) (b) Compute the minimum amount the insurance company will charge for this policy. Round your answer to the nearest cent
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1. Use this table for the following questions: Female Male TotalShort Hair 20 40 60 Long Hair 30 10 40 Total 50 50 100 a. Complete a total probability table.b. Complete a row probability tablec. Complete a column probability table.d. The probability that a student does not have long hair. _________e. The probability that a student is male or has short hair. ________f. The probability that a student is a female and has long hair. _________g. The probability that a student is male, given that the student has long hair. _________h. The probability that a student has long hair, given that the student is male. _________i. Of all the female students, the probability that a student has short hair. ________j. Of all students with long hair, the probability that a student is female. _________k. The probability that a student is female or has long hair.…
A couple decides to continue to have children until they have three daughters. Assuming that their probability of having a male offspring is 0.55, what is the probability that their third daughter is their sixth child? a. 0.6250 b. 0.1808 c. 1 d. 0.1516 e. 0.8125 f. 0.8192 g. 0.3750 h. 0.1875
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