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Question: Xena does not follow the delta property. She has just paid $100 for a certificate that allows her to call the flip of a coin. If she calls it correctly, she wins $400: otherwise she gets nothing. Her PISP for the certificate is $250.
A clairvoyant offers to tell Xena the outcome of the impending coin toss. What is her PIBP for the clairvoyant's information?
a. $150
b. $300
c. We need Xena's u-curve to determine her PIBP for the clairvoyant's information.
d. We need both Xena's M-curve and the probability she assigns to the coin landing "Heads" to answer this question.
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