Question

You have a case in court. You believe with probability p=3/4 that you will WIN. You...

You have a case in court. You believe with probability p=3/4 that you will WIN. You are considering to ask a lawyer for his opinion as to whether you will WIN. Your belief as to whether the lawyer's opinion is correct is q=4/5. In case the lawyer tells you that you will WIN, what will your belief be that you will WIN ? If p=3/4, q=1/2 ? If p=1/2, q=4/5 ?

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
(a) Your initial belief is that a defendant in a court case is guilty with probability...
(a) Your initial belief is that a defendant in a court case is guilty with probability 0.5. A witness comes forward claiming he saw the defendant commit the crime. You know the witness is not totally reliable and tells the truth with probability p. Use Bayes’ theorem to calculate the posterior probability that the defendant is guilty, based on the witness’s evidence. (b) A second witness, equally unreliable, comes forward and claims she saw the defendant commit the crime. Assuming...
there are 3 dice. the first dice is fair the second dice has probability P(1)=P(2)=P(3)=1/9 P(4)=P(5)=P(6)=2/9...
there are 3 dice. the first dice is fair the second dice has probability P(1)=P(2)=P(3)=1/9 P(4)=P(5)=P(6)=2/9 the third has probability p(1)=p(2)=p(3)=p(4)=1/9 p(5)=1/3 p(6)=2/9 if you select one random dice and roll it, and A is the event the fair dice was picked and B the event the result is 6. knowing you rolled a 6, what is the outcome you chose the fair dice?
3.) Your firm has been sued for $3 million by a supplier for breach of contract....
3.) Your firm has been sued for $3 million by a supplier for breach of contract. Your lawyers believe that there are three possible outcomes if the suit goes to trial. One, which the lawyers term “highly improbably,” is that your supplier will win the lawsuit and be awarded $3 million. Another, which the lawyer term “unlikely,” is that your supplier will win the lawsuit and be awarded $500,000. The third which the lawyers term “likely,” is that your supplier...
Uniform distriubution Random Variable Factorial “q” Binomial Example: 5*4*3*2*1 1-p, the probability of “failure” Probability is...
Uniform distriubution Random Variable Factorial “q” Binomial Example: 5*4*3*2*1 1-p, the probability of “failure” Probability is constant over the domain Describes the outcomes of a statistical experiment Only two possible outcomes, “success” or “failure” Match the following
$ (prize) $(profit) x = # of heads P(x) $1 $3 0 0.03125 $ 1 $3...
$ (prize) $(profit) x = # of heads P(x) $1 $3 0 0.03125 $ 1 $3 1 0.15625 $1 $ 1 2 0.31250 $1 $1 3 0.31250 $ 1 $0 4 0.15625 $ 1 $0 5 0.03125 1. A fair coin is tossed five times. The probability of observing “x” heads among the 5 coins is given in the table above. A particular game consists of tossing a fair coin 5 times. It costs $1 to play the game; you...
2.29 Die rolls. You roll a die three times. what is the probability the sum of...
2.29 Die rolls. You roll a die three times. what is the probability the sum of the first two rolls is equal to the third roll? 3.3 Off to the races. Suppose mike places three separate bets on three separate tracks. Each bet is for a specific horse to win. His horse in race 1 wins with probability 1/5. His horse in race 2 with probability 2/5. His horse in race 3 wins with probability 3/5. What is the probability...
1. You are performing 5 independent Bernoulli trials with p = 0.3 and q = 0.7....
1. You are performing 5 independent Bernoulli trials with p = 0.3 and q = 0.7. Calculate the probability of the stated outcome. Check your answer using technology. (Round your answer to four decimal places.) Two successes P(X = 2) = 2. You are performing 5 independent Bernoulli trials with p = 0.4 and q = 0.6. Calculate the probability of the stated outcome. Check your answer using technology. (Round your answer to four decimal places.) Three successes P(X =...
1. A lawyer may waive his/her attorney-client privilege? T or F 2. When a case is...
1. A lawyer may waive his/her attorney-client privilege? T or F 2. When a case is heard on appeal the appellate court may reverse the trial court decision and remand case to the trial court? T or F 3. Under Article III, Section 2, of the United States Constitution, the judicial power of the federal government courts includes the power to hear the following type of case: b. Any case involving family law issues a. Any case the federal judges...
1. Determine whether the distribution represents a probability distribution. X 3 7 9 12 14 P(X)...
1. Determine whether the distribution represents a probability distribution. X 3 7 9 12 14 P(X) 4/13 1/13 3/13 1/13 2/13 2. Determine whether the distribution represents a probability distribution. X 5 7 9 P(X) 0.6 0.8 -0.4 3. Determine whether the distribution represents a probability distribution. X 20 30 40 50 P(X) 0.05 0.35 0.4 0.2
Case 1 Case 2 Case 3 Case 4 Case 5 Case 6 Case 7 Case 8...
Case 1 Case 2 Case 3 Case 4 Case 5 Case 6 Case 7 Case 8 IR 25% 40% 60% 70% 70% 70% 95% 60% CR 50% 50% 60% 100% 50% 70% 40% 50% AR 3% 4% 5% 5% 2% 1% 3% 1% DR Help with an Audit Risk Using your excel template, calculate DR. Which case will require the most audit work? Which case will require the least audit work? Using Case 1 as an example. If AR is...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT