Posted by **sue** on Thursday, November 18, 2010 at 11:51pm.

describe joint probability for independent events and give an example of how you would calculate it. How is this different than conditional probability? The following payoff table gives the return on three alternative business decisions based on three possible scenarios – down, neutral or up. P(down), or the probability that the scenario is down = 0.30, P(neutral) = 0.50, and P(up) = 0.20. Based on this information, calculate the expected return for each alternative. What alternative would you recommend

## Answer this Question

## Related Questions

- Probability - Fred is giving away samples of dog food. He makes visits door to ...
- probability - Fred is giving away samples of dog food. He makes visits door to ...
- Probability - Fred is giving away samples of dog food. He makes visits door to ...
- math-independent and dependent events - A card is chosen at a ramdom from a deck...
- statistics - conditional probability - Event A has probability 0.9 of occurring...
- statistics - conditional probability - Event A has probability 0.9 of occurring...
- biology - One rule of probability can be expressed as the following: The ...
- biology - One rule of probability can be expressed as the following: The ...
- statistics - Suppose that each unit of a system is up with probability 2/3 and ...
- Stat - Translate the following events into set notation using the symbols A and ...