opening 2018 World Cup odds against being the winning team specified by espn.com were 9/2 for Germany, 5/1 for Brazil, 11/2 for France, 20/1 for England, and 7/1 for Spain. Find the corresponding prior probabilities of winning for these five teams.
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2.4 The opening 2018 World Cup odds against being the winning team specified by espn.com were 9/2 for Germany, 5/1 for Brazil, 11/2 for France, 20/1 for England, and 7/1 for Spain. Find the corresponding prior probabilities of winning for these five teams.
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- Bill owes Bob $36. Just before Bill pays him the money, he gives Bob the opportunity to play a dice game to potentially win more money. The rules of this game are as follows: If Bob rolls doubles (probability 1/6), Bill will Bob double ($72). If he misses doubles on pay the first try, he can try again or settle for half the money ($18). If he makes doubles on the second try Bill will again pay-up double ($72), but if Bob misses doubles on the second try Bill will only pay him one-third ($12). Should Bob decide to play the dice game with Bill, or insist that he pay the $36 now? Use a decision tree to support your answer.Player 2 Y1 1,4 3,5 5,3 X1 Y2 Y3 Player 1 8,4 7,4 6,2 X2 4,5 3,5 2,2 X3 For the game given above, ((p1.p2,p3).(q1.q2.q3) is a mixed strategy: The first triplet is Player 1's probability allocations to X1, X2. X3. The second triplet is Player 2's probability allocations to Y1, Y2. Y3. Which of the following is true? O a. There are only pure NEs in this game O b. ((p1,p2.p3).(q1.q2.q3))- ((1/3,1/3,1/3)(1/3.0.2/3) is a mixed NE Oc (pt.p2.p3).(q1.q2.q3))- ((1/3.2/3,0)(1/3,1/3,1/3)) is a mixed NE O d. No action is strictly dominated by some mixed strategy 到When a pair of dice is tossed, the results may be any whole number from 2 through 12. In the game of craps one can win by tossing either a 7 or an 11 on the first roll. What is the probability of doing this?