Question: A decision maker assigned the following probabilities to the four outcomes of an experiment: P(E1) = 0.25, P(E2) = 0.15, P(E3) = 0.35, and P(E4)

A decision maker assigned the following probabilities to the four outcomes of an experiment: P(E1) = 0.25, P(E2) = 0.15, P(E3) = 0.35, and P(E4) = 0.25. Are these probability assignments valid? Explain.

- No, they are greater than or equal to 0, but do not sum to 1.

- No, they are greater than or equal to 0.

- Yes, they are greater than or equal to 0.

- Yes, they are greater than or equal to 0, and sum to 1

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