Fifty percent of the economists in the country are conservatives. The other 50%are liberals. Thirty percent of
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Fifty percent of the economists in the country are conservatives. The other 50%are liberals. Thirty percent of the conservative economists and 20%of the liberal economists believe that we will have a recession. We have found an economist who thinks we will see a recession in the next year.
What is the probability that he or she is a conservative economist?
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Related Book For
Statistics For Business And Financial Economics
ISBN: 9781461458975
3rd Edition
Authors: Cheng Few Lee , John C Lee , Alice C Lee
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