Part 3 (Essay, 25 points each, 50 total points) 1. Draw an appropriate diagram and use it to explain the logical steps needed to derive a positive price effect. 2. A. Explain using Bayes Theorem why individual jurors in the criminal and civil trials of O.J. Simpson are likely to reach opposite verdicts despite hearing the same trial evidence. B. Explain why the initial criminal jury vote is not likely to be unanimous toward not-guilty. C. Explain how a quick verdict will increase the confidence in predicting the final unanimous verdict