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Bob, the Proprietor of Midland Lumber, Feels That the Odds

Question 210

Multiple Choice

Bob, the proprietor of Midland Lumber, feels that the odds in favor of a business deal going through are 7 to 6. What is the (subjective) probability that this deal will not materialize?


A) 0.4647
B) 0.4622
C) 0.4615
D) 0.4460

Correct Answer:

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