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Refer to the Following Payoff Table

Question 66

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Refer to the following payoff table:
Refer to the following payoff table:   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 S1, the research will accurately predict S1 60% of the time. When the true state of nature is S2, the research will accurately predict S2 80% of the time. What is the unconditional probability that the research predicts S2? A)  0.32 B)  0.4 C)  0.44 D)  0.56 E)  0.6
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 S1, the research will accurately predict S1 60% of the time. When the true state of nature is S2, the research will accurately predict S2 80% of the time.
What is the unconditional probability that the research predicts S2?


A) 0.32
B) 0.4
C) 0.44
D) 0.56
E) 0.6

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