GDI (Global Development Index) ratings for the nations have three categories: Developed (D), Fast Developing (FD),...

 

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GDI (Global Development Index) ratings for the nations have three categories: Developed (D), Fast Developing (FD), Slow Developing (SD). Suppose in the ratings announced last year were 25%, 35%, 40% for D, FD, and SD respectively. In the D rating 50% were for Europe, 35% were for Asia and 15% were for Africa. In the FD rating 25% were for Europe, 60% were for Asia and 15% were for Africa. In the SD rating 5% were for Europe, 35% were for Asia and 60% were for Africa. (a) If two new ratings need to be issued, each for Europe and Asia, what are the probabilities that Europe will eceive a D rating and Asia receive a SD rating? [2] 74563-8 will 022h174563-82837 (b) What proportions of ratings were received by Africa? (c) What proportions of ratings were received by Asia? [1] 2023/05/20 GDI (Global Development Index) ratings for the nations have three categories: Developed (D), Fast Developing (FD), Slow Developing (SD). Suppose in the ratings announced last year were 25%, 35%, 40% for D, FD, and SD respectively. In the D rating 50% were for Europe, 35% were for Asia and 15% were for Africa. In the FD rating 25% were for Europe, 60% were for Asia and 15% were for Africa. In the SD rating 5% were for Europe, 35% were for Asia and 60% were for Africa. (a) If two new ratings need to be issued, each for Europe and Asia, what are the probabilities that Europe will eceive a D rating and Asia receive a SD rating? [2] 74563-8 will 022h174563-82837 (b) What proportions of ratings were received by Africa? (c) What proportions of ratings were received by Asia? [1] 2023/05/20

Answer rating: 100% (QA)

First well get to the FD Fast Developing rating FD Rating Fast Develo... View the full answer