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MC Qu. 9-74 Refer to the following payoff... Refer to the following payoff table: Alternative There is an option of paying $100 to have research
MC Qu. 9-74 Refer to the following payoff... Refer to the following payoff table: Alternative There is an option of paying $100 to have research done to better predict which state of nature will occur, When the true state of nature is 81, the research will accurately predict Si 60% of the time. When the true state of nature is 82, the research will accurately predict S2 80% of the time. What is the unconditional probability that the research predicts Si?
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