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    Managerial Economics Study Set 5
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    Exam 13: The Value of Information
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    If Pr(a) =
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If Pr(a) =

Question 34

Question 34

Multiple Choice

If Pr(a) = .5 and Pr(b) = .3, then the value of Pr(a&b) :


A) equals .8.
B) equals .375.
C) equals .15.
D) equals .2.
E) cannot be determined without more information.

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