Suppose you are voting in a referendum between alternatives A and B. There are 100 other voters and the alternative which receives a majority of the votes wins. In case of a tie, you will toss a fair coin between the alternative. Choosing the alternative that is better for you gives a payoff of 1; choosing the other alternative gives you a payoff of 0. You are told that alternative A is better for you with probability 3/4. Yet, you are also told that if A is the correct alternative, there will be, excluding your vote, 73 votes for A and 27 for B. Instead, if alternative Bis correct, there will be 34 votes for A and 66 votes for B. Is it true that it is optimal for you to vote for A? Select one: O True O False

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Suppose you are voting in a referendum between alternatives A and B. There are 100 other voters and the alternative which receives a majority of the votes wins. In case of a tie, you will toss a fair coin between the alternative. Choosing the alternative that is better for you gives a payoff of 1; choosing the other alternative gives you a payoff of 0. You are told that alternative A is better for you with probability 3/4. Yet, you are also told that if A is the correct alternative, there will be, excluding your vote, 73 votes for A and 27 for B. Instead, if alternative Bis correct, there will be 34 votes for A and 66 votes for B. Is it true that it is optimal for you to vote for A? Select one: O True O False
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