ProWasher is the defendant in a patent infringement lawsuit filed by Sue Case over ProWasher$$s use of a

hydraulic compressor in several of its products. Anna Turney claims that, if the suit goes against

ProWasher, the loss may be as much as $$5$ million. It is more likely than not that ProWasher will have to

pay some amount on the settlement. Although the exact amount is not known, the lawyer has been able

to assign probabilities and expected payment amounts as follows $($based on Statistics $-$ probability

distributions$)$: $20\%$ probability that the settlement will be $$5$ million, $35\%$ probability that the settlement

required will be $$3$ million, and $45\%$ that no settlement will be required. what are the possible liabilities?

Answer rating: 100% (QA)

Based on the provided probabilities and expected payment amounts assigned by the lawyer we can d... View the full answer