Question: The following contingency table shows average yield (rows) and average duration (columns) for 38 bond funds. For a randomly chosen bond fund, find the probability

The following contingency table shows average yield (rows) and average duration (columns) for 38 bond funds. For a randomly chosen bond fund, find the probability that:
a. The bond fund is long duration.
b. The bond fund has high yield.
c. The bond fund has high yield given that it is of short duration.
d. The bond fund is of short duration given that it has high yield.
The following contingency table shows average yield (rows) and average

Average Portfolio Duration Short (D intermediate (D) Long (DRow Total Yield Small (Y)30 Medium (Y2) High (Y 10 13 15 38 6 4 Column Total 12 15

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a P D 3 1538 3947 b P Y 3 1538 3947 c Anot... View full answer

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