Multiple Choice
Kevin goes trick-or-treating on Halloween. His neighbor gives him 3 small bags with two candies in each of them. One bag has two Snickers bars, one has a Tootsie Roll and a Snickers bar, and the third bag has two Tootsie Rolls. Kevin opens one of the bags and sees a Snickers bar. What are the odds that the other candy in the bag is also a Snickers bar?
A) 2/5
B) 5/7
C) 1/2
D) 3/4
E) 2/3
Correct Answer:

Verified
Correct Answer:
Verified
Q2: If Pr(a) = .4, Pr(b) = .3,
Q3: In a sealed-bid auction, a firm with
Q4: A company is about to launch a
Q5: Using Bayes Theorem, Pr(a|b) can be
Q6: A decision-maker should acquire new information:<br>A) only
Q8: Firm Z is one of the 5
Q9: You are offered a favorable bet on
Q10: Stake Gold Mines has the option to
Q11: A prior probability refers to:<br>A) the chance
Q13: Compare the strategies bidders employ when participating