all Verizon * 36%)|} 3:16 PM csepub.com 21 Refer the table below. Our original i

Question

all Verizon * 36%)|} 3:16 PM csepub.com 21 Refer the table below. Our original information was that the probability of High demand was .6. We collected the following new information about what happened to demand when there was an improving or not improving economy. Answer the below question. What is the probability of a not improving economy? Improving Not improvi Economy econom iven high demand Given Low demand 0.6 0.51 Unanswered Hide Answer Format: Number: Round to: 2 decimal places. Enter Answer Here.. Submit Answer

Explanation / Answer

probability of a not improving economy=P(high demand and not improving economy+low demand and not improving economy) =0.6*(1-0.6)+(1-0.6)*0.51=0.444 ~ 0.44

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