@gatech T sample Midterm 1 pdf X+ BuzzPort re.gatech.edu/access/content/group/gt

Question

@gatech T sample Midterm 1 pdf X+ BuzzPort re.gatech.edu/access/content/group/gtc-8295-ecf9-5011-a6bd-46c5c7819, Sample Exam 1: Econ 6140 Solutions 1) Basketball teams from Universities A, B, C, and D are quoted as having probabilities of 0.2, 0.4, 0.3, and 0.1 respectively, of winning the playoff for the national championship. If University B is placed on probation and declared ineligible to participate (and it will not be replaced by another university), what is the probability that University A will win the national championship?

Explanation / Answer

Probability that B will not win =P(Bc) P( B will not participate)=1-0.4 =0.6

therefore probability of A winning given B will not participate =P(A|Bc)= 0.2/0.6 =1/3

please revert for any clarification required

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