1. An analyst, Grace, gives Abbie a 12% chance to place first and Becca an 8% chance to place second. Assume these percentages are accurate. Can we determine the probability that Abbie will place first and Becca will place second? Why or why not?

2. Grace further informs us that the two favorites to win the race are Danna and Francine. Grace gives Danna a 48% chance to win the race and Francine a 32% chance to win. Assume these percentages are accurate. Find the probability that Danna or Francine wins the race, if possible. If not possible, explain why.

3. Suppose Abbie places first. Does this mean that Grace's probabilities were wrong? Justify your answer using terms and reasoning discussed in Chapter 5.

Bonus: Can we determine who Grace thinks is third most likely to win the race? If so, who?