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
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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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