Saved Bookmarks
| 1. |
(c) Variance of Y. Kues2. An Economist believes that during periods of high economic growth, the Indian Rupeeappreciates with probability 0.70: in periods of moderate economic growth, it appreciateswith probability 0.20; and during periods of low economic growth, the Rupee appreciateswith probability 0.40.During any period of time the probability of high economic growth is0.30; the probability of moderate economic growth is 0.20 and the probability of loweconomic growth is 0.50. Suppose the Rupee value has been appreciating during the presentperiod. What is the probability that we are experiencing the period of moderate economicgrowth? |
|
Answer» 1. PROBABILITY Shakeel Nouman M.Phil STATISTICS Probability By Shakeel Nouman M.Phil Statistics Govt. College University Lahore, Statistical Officer Slide 12. 2 Slide 2 Probability Using Statistics Basic DEFINITIONS: Events, Sample Space, and Probabilities Basic Rules for Probability Conditional Probability Independence of Events Combinatorial Concepts The Law of Total Probability and Bayes’ Theorem Summary and Review of Terms Probability By Shakeel Nouman M.Phil Statistics Govt. College University Lahore, Statistical Officer3. 2-1 Probability is: Slide 3 A QUANTITATIVE measure of uncertainty A measure of the strength of belief in the occurrence of an uncertain event A measure of the degree of chance or likelihood of occurrence of an uncertain event Measured by a number between 0 and 1 (or between 0% and 100%) Probability By Shakeel Nouman M.Phil Statistics Govt. College University Lahore, Statistical OfficerStep-by-step explanation:hope it's help youplease make me as Brinlist |
|