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 1 and problem 2?Fall 2024 Al Yamamah UniversityProblem 4: 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, 70% were rated A,20% were rated B, and 10% were rated C. Of the municipal bonds rated A,50% were issued by cities, 40% by suburbs, and 10% by rural areas. Of the municipal bonds rated B,60% were issued by cities, 20% by suburbs, and 20% by rural areas. Of the municipal bonds rated C,90% were issued by cities, 5% by suburbs, and 5% 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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