4) An experiment has three outcomes, I, II, and III. If outcome I is twice as likely as outcome II, and outcome II is three times as likely as outcome III, what are the probability values of the three outcomes?

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4) An experiment has three outcomes, I, II, and III. If outcome I is twice as likely
as outcome II, and outcome II is three times as likely as outcome III, what are the
probability values of the three outcomes?
5) A company's advertising expenditure is either low with probability 0.28,
average with probability 0.55, or high with probability p. What is p?
6) Consider the sample space with outcomes a, b, c, d, and e. Calculate:
(a) P(b) (b) P(A) (c) P(A')
by using the following figure
a
0.13
A
0.48
d
0.02
0.22
Transcribed Image Text:4) An experiment has three outcomes, I, II, and III. If outcome I is twice as likely as outcome II, and outcome II is three times as likely as outcome III, what are the probability values of the three outcomes? 5) A company's advertising expenditure is either low with probability 0.28, average with probability 0.55, or high with probability p. What is p? 6) Consider the sample space with outcomes a, b, c, d, and e. Calculate: (a) P(b) (b) P(A) (c) P(A') by using the following figure a 0.13 A 0.48 d 0.02 0.22
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