Answer to Question #136872 in Economics for Meme

Question #136872

Suppose the Fiji Rugby Sevens team is in the grand final of HK Sevens championship. Experts  have assigned a probability of 60% that Fiji will win the championship. Past records indicate  that when teams win the championship, they win the first game of the series 70% of the time. 

When they lost championship, they win the first game 25% of the time. The first game is over against NZ and Fiji has lost. 

Present the above information in a tree diagram and calculate the probability of Fiji winning  the championship given that they have lost their first game. 


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Expert's answer
2020-10-05T10:59:37-0400

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