Aleem runs a business on Front Street. His store has been badly harmed by covid and he is worried it will be forced to c

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answerhappygod
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Aleem runs a business on Front Street. His store has been badly harmed by covid and he is worried it will be forced to c

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Aleem runs a business on Front Street. His store has been badlyharmed by covid and he is worried it will be forced to close. Outof the 20 other businesses along the street, 5 have been forced toclose. If Aleem continues to have few customers in future he seesno reason to think that his own business’ chance of survival willbe better or worse than what has happened to his neighbours.However, on Friday the city held a street festival which was verysuccessful, and many people visited the neighbourhood. Aleem hadmany new customers on that day, but it was only a one day festival.Aleem thought about the long term. If his business was going to bebeing forced to close then the probability of having so many newcustomers the day of the festival would have been low. (80% chancethat he would not have had many new customers). Conversely, even ifeconomic conditions were such that his business would survive thenhe would have thought there were only 50:50 odds of getting so manynew customers on that day. After seeing the new customers he had onthe day of the festival, what confidence should he have that hisbusiness will be forced to close?
Choose the correct option below.
Select one:
A.
P(E | H)=P(H | E)
B.
P(E | H) = P(E | ~H)
C.
P(E | H) < P(E | ~H)
D.
P(E | H) > P(E | ~H)
E.
P(H) = P(H | E)
F.
P(E | H) = 1 - P(E | ~H)
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