DSE 2005-Subjective questions

Posted by kangkan on Jun 09, 2014; 4:53pm
URL: http://discussion-forum.276.s1.nabble.com/DSE-2005-Subjective-questions-tp7592061.html

Hi

Please help with 4 b
http://economicsentrance.weebly.com/uploads/1/1/0/5/1105777/25_jun_2005_option_a.pdf

are we supposed to assume that stats 1 ,2 and 3 are equally likely

Also for 3b, is q1=0.5 ,q2=0.25 and q3=.125

??