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Question: Which description of Mary has higher probability?

a. Mary loves to play tennis.

b. Mary loves to play tennis and, during the summer, averages at least a game a week. Explain your answer. Define the conjunction fallacy.

How does it apply here? Assume for the purpose of illustration that the probability that someone loves to play tennis is .2; the probability that someone plays tennis once or more a week during the summer is .1; and the probability of one or the other of these things is .22.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M92259722

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