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Practice problem

How Do You Calculate Conditional Probability?

By Paris

Financial Question

A computer company expects that there is a 5% probability that the economy will expand. Furthermore, there is a 90% probability that the computer company’s revenue will rise if the economy expands. If the economy does not expand, there is only 40% probability that computer company’s revenue will rise.

What is the probability that the economy has expanded given that the computer company’s revenue has risen?

Choose one answer

Type a concept, like “slope” or “photosynthesis”.

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