Choose the function whose graph is given by
2 answers:
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Answer:
When Mary raises the probability that she has a better hand is 0.273
Step-by-step explanation:
In the poker game it is given that the probability that Mary has a better hand than John is 0.04.
Let the event that Mary has a better hand than John be A.
Let the event that that Mary raises the stakes be B.
It is also given that if Mary has a better hand than John then she would raise with a probability of 0.9
Therefore p(B | A) = 0.9
If Mary has a poorer hand she will raise with a probability of 0.1
Therefore p(B | A') = 0.1
Given that Mary raises the probability that she has a better hand is given by
p(A | B)
=
= 0.273
So when Mary raises the probability that she has a better hand is 0.273
Let x be the original price,
Answer: $32