ERL has a 40% probability that EPS>$3. The probability that ERL's credit rating will be upgraded is

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ERL has a 40% probability that EPS>$3. The probability that ERL's credit rating will be upgraded is 0.70 if EPS>$3 and 0.20 if EPS<=$3. If ERL's credit rating has been upgraded, what is the updated probability that its EPS>$3?

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Modern Advanced Accounting In Canada

ISBN: 9781259066481

7th Edition

Authors: Hilton Murray, Herauf Darrell

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Posted Date: Nov 16, 2023 12:16 AM

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ERL has a 40% probability that EPS>$3. The probability that ERL's credit rating will be upgraded is

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Modern Advanced Accounting In Canada

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