You are in college and picked a couple of classes for this semester. you wonder which classes you should drop, if any. 25% of classes suck and should be dropped. if a class sucks, the professor is kind of an idiot 70% of the time. regardless of whether their classes suck or not, 20% of professors are kind of idiots. you are in a class and observe that the professor is kind of an idiot. what is the posterior probability that the class is going to suck? (and ought to be dropped)

The following legal claims exist for m. finger co. identify the accounting treatment for each claim as either (a) a liability that is recorded or (b) an item described in notes to its financial statements. 1. m. finger (defendant) estimates that a pending lawsuit could result in damages of $1,250,000; it is reasonably possible that the plaintiff will win the case. an item described in notes to its financial statements. a liability that is recorded. 2. m. finger faces a probable loss on a pending lawsuit; the amount is not reasonably estimable. a liability that is recorded. an item described in notes to its financial statements. 3. m. finger estimates damages in a case at $3,500,000 with a high probability of losing the case. an item described in notes to its financial statements. a liability that is recorded. the amount that m. finger co. should record in its accounting records related to these suits is: