Please do all parts.

Instructions For the next 3 questions use the following information Probability and Anchoring For two events A and B. Baye's rule says BAR PCAIB) 85A36A) + B}A}och where PCA) = 1 - PCA). Company ABC recently paid a dividend of $1. You currently believe that the probability ABC will increase the dividend to $2 next year is 20% You also believe that the probability the economy has expanded if the dividend is $2 is 70% and the probability the economy has expanded if the dividend remains at $1 is 10% 13 1 point What is the probability that the dividend is $2 if the economy expands? O 61.4% O 63.6% 65.1% 67.9% Probability and Anchoring For two'events A and B, Baye's rule says PAPA PAB) RBIA ** BAD where PG) = 1 - PCA). Company ABC recently paid a dividend of $1. You currently believe that the probability ABC will increase the dividend to $2 next year is 20%. You also believe that the probability the economy has expanded it the dividend is $2 is 70% and the probability the economy has expanded if the dividend remains at $1 is 10% 14 point Think about your answer to the last question. If you are subject to anchoring bias, your updated probability assessment for the dividend being $2 (instead of the previously paid $ 1) given the economy has expanded is the correct probability assessment from above? Less than Greater than The same as None of the above are correct Probability and Anchoring For two events A and B, Baye's rule says PBACA POALB) = 31AKA*{B}A}