Impossible—if they are to add up to 1.
For Jack’s bookie, I agree, you have to use 1⁄3 – but if you want to calculate a distribution on how much cash Beauty has after the experiment given different betting behavior, it no longer works to treat Monday and Tuesday as mutually exclusive.
Impossible—if they are to add up to 1.
For Jack’s bookie, I agree, you have to use 1⁄3 – but if you want to calculate a distribution on how much cash Beauty has after the experiment given different betting behavior, it no longer works to treat Monday and Tuesday as mutually exclusive.