Question: The following contingency table shows average yield (rows) and average duration (columns) for 38 bond funds. Average Portfolio Duration Yield Short(D 1 ) Intermediate(D 2
The following contingency table shows average yield (rows) and average duration (columns) for 38 bond funds.
Average Portfolio Duration
Yield Short(D1) Intermediate(D2) Long(D3) Row Total
Small (Y1) 9 4 2 15
Medium (Y2) 2 3 3 8
High (Y3) 2 6 7 15
Column Total 13 13 12 38
For a randomly chosen bond fund, find the probability of the following:(Round your answers to 4 decimal places.)
a. The bond fund is of long duration of ?
b. The bond fund has high yield of ?
c. The bond fund has high yield given that it is of short duration of ?
d. The bond fund is of short duration given that it has high yield of ?
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