3:15 PM csepub.com Verizon # 18 The following are the results from Calculate New

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3:15 PM csepub.com Verizon # 18 The following are the results from Calculate New Probabilities 1 ( Video Chapt 6 part 20). They are our joint and marginal probabilities. Improving Not improving Economy economy Given high 0.33 0.09 demand Given Low 0.14 0.44 demand Based on this data, we will calculate our posterior probabilities. These are the new probabilities we will use in our trees. For the Not improving branch of the decision tree, what will be the probability of high demand? Hide Answer Format: Number: Round to:2 decimal places. Enter Answer Here.. Submit Answer

Explanation / Answer

Given not improving economy, probability of high demand is computed as:

= Probability of high demand and not improving economy / Probability of not improving economy

= 0.09/ ( 0.09 + 0.44 )

= 0.17

Therefore 0.17 is the required probability here.

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