Question: please help me solve this and the steps to vet to the answer Refer to the following payoff table: There is an option of paying

please help me solve this and the steps to vet to the answer
please help me solve this and the steps to vet to the

Refer to the following payoff table: There is an option of paying $100 to have research done to better predict which state of nature will occur. When the true state of nature is S1, the research will accurately predict S160% of the time. When the true state of nature is S2, the research will accurately predict S280% of the time. Given that the research is done, what is the joint probability that the state of nature is S2 and the research predicts $1

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