Question: What is the main difference between problem 1 and problem 2 ? Fall 2 0 2 4 Al Yamamah UniversityProblem 4 : A municipal bond
What is the main difference between problem and problem Fall Al Yamamah UniversityProblem : A municipal bond service has three rating categories A B and C Suppose that in the past year, of the municipal bonds issued throughout the United States, were rated A were rated B and were rated C Of the municipal bonds rated A were issued by cities, by suburbs, and by rural areas. Of the municipal bonds rated B were issued by cities, by suburbs, and by rural areas. Of the municipal bonds rated C were issued by cities, by suburbs, and by rural areas.a If a new municipal bond is to be issued by a city, what is the probability that it will receive an A rating?b What proportion of municipal bonds are issued by cities?c What proportion of municipal bonds are issued by suburbs?
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