3:15 PM csepub.com Verizon # 15 The following are the results from Calculate New

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3:15 PM csepub.com Verizon # 15 The following are the results from Calculate New Probabilities 1 (Video Chapt 6 part 2C). They are our joint and marginal probabilities. Improving Not improving Economy economy 0.22 Given high demand Given Low demand 0.34 0.1 0.34 Based on this data, we will calculate our posterior probabilities. will use in our trees. These are the new probabilities we What will the probability of low demand in the Not improving branch of the decision tree? Hide Answer Format: Number: Round to: 2 decimal places. Enter Answer Here... Submit Answer

Explanation / Answer

The table given below ,

Therefore ,

The probability of low demand in the not improving branch = 0.34

Improving Economy Not improving economy Total Given high demand 0.34 0.22 0.56 Given low demand 0.1 0.34 0.44 Total 0.44 0.56 1

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