Management is uncomfortable stating probabilities for the states of nature for a trade bill passing. Depending on its probability they will invest in one of three countries; A, B, or C. Let p denote the probability of the bill passing. Trade Bill Passes Trade Bill Fails A 320 160 B 260 210 C 370 0 At what probability or more would Country C be the best option

Formulate the indicated conclusion in nontechnical terms. be sure to address the original claim. the foundation chair for a hospital claims that the mean number of filled overnight beds is over 523, and she is therefore justified starting a funding campaign to add a wing to the hospital. assuming that a hypothesis test has been conducted and that the conclusion is failure to reject the null hypothesis, state the conclusion in nontechnical terms.