Find the probability that a given country is classified as high-income, given that it has a low debt ratio
Find the probability that a given country is classified as high-income, given that it has a low debt ratio
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter12: Probability
Section12.3: Conditional Probability; Independent Events; Bayes' Theorem
Problem 65E
Related questions
Question
The following table shows the joint probability distribution of X and Y, where Y is the income level of a sample of countries, and X represents whether the countries' public debt to GDP ratio is high (above 100%) or low (below 100%)
Debt Ratio(X) | ||
Income(y) | High | Low |
High income | 0.24 | 0.29 |
Low Income | 0.12 | 0.35 |
Question 2: Find the probability that a given country is classified as high-income, given that it has a low debt ratio
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