Mathematics, 19.03.2021 02:50, danielburke24

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. Trade Bill Passes Trade Bill Fails A 320 160 B 260 210 C 370 0 At what probability or more would Country C be the best option

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Management is uncomfortable stating probabilities for the states of nature for a trade bill passing....