Question: When the economic situation is high a certain economic indicator rises with probability 0 . 6 5 . When the economic situation is medium the

When the economic situation is "high" a certain economic indicator rises with probability 0.65. When the economic situation is "medium" the economic indicator rises with probability 0.26. When the economic situation is "low", the indicator rises with probability 0.07. The economy is "high" 15 percent of the time, it is "medium" 69 percent of the time and is "low" 16 percent of the time. Fill the above table (on your paper) and answer the next three questions. ( I is the event the indicator rises, D is the event the indicator falls)

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