A decision maker subjectively assigned the following probabilities to the four outcomes of an experiment: P (El) = 0.10,

P (E2) = 0.15, P (E3) = 0.40, and P (EA) = 0.20

Are these probability assignments valid? Explain.

PLE) = 0.15, PLE) = 0.40, and PD. = 0.20

Question

Mathematics

Jerimiah Mack

29 September, 09:19

A decision maker subjectively assigned the following probabilities to the four outcomes of an experiment: P (El) = 0.10,

P (E2) = 0.15, P (E3) = 0.40, and P (EA) = 0.20

Are these probability assignments valid? Explain.

PLE) = 0.15, PLE) = 0.40, and PD. = 0.20

+3

Answers (1)

Know the Answer?

Nathalie Henderson · Answer 1

No

Step-by-step explanation:

If there are JUST four outcomes of the experiment, it's invalid. Because. 1+.15+.4+.2=.85, which is not equal to 1.

This is beacuse since the experiment has occurred, the possibility of getting an outcome, which equals the sum of all four kinds of outcomes' possibilities, should be one.

A decision maker subjectively assigned the following probabilities to the four outcomes of an experiment: P (El) = 0.10,P (E2) = 0.15, P (E3) = 0.40, and P (EA) = 0.20Are these probability assignments valid? Explain.PLE) = 0.15, PLE) = 0.40, and PD. = 0.20

A decision maker subjectively assigned the following probabilities to the four outcomes of an experiment: P (El) = 0.10,

P (E2) = 0.15, P (E3) = 0.40, and P (EA) = 0.20

Are these probability assignments valid? Explain.

PLE) = 0.15, PLE) = 0.40, and PD. = 0.20