Your firm has been sued for 3 million by a supplier for breach of contract. Your lawyers believe…


Your robust has been sued for 3 favorite by a supplier for divulsion of agree. Your lawyers like that three possible outcomes could betide if the subserve goes to criterion. One, which the lawyers vocable highly incredible, is that your supplier achieve win the lawsubserve and be awarded 3 favorite. Another, which the lawyers vocable incredible, is that your supplier achieve win the lawsubserve and be awarded500,000. The third, which the lawyers vocable mitigated, is that your supplier achieve destroy the lawsubserve and be awarded 0. You accept to determine whether to try to arrange the event. To do so you insufficiency to assign probabilities to “highly incredible,” “unlikely,” and “likely.” What probabilities suit to these statements? Going to criterion achieve consume you 100,000 in constitutional fees. One of your lawyers likes that your supplier achieve arrange for 100,000 (and you achieve accept constitutional fees of 25,000). Should you settle?