3:16 PM csepub.com Verizon #20 The following are the results from Calculate New

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3:16 PM csepub.com Verizon #20 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 Given high demand Given Low demand Based on this data, we will calculate our posterior probabilities. These are ft 0.35 0.13 0.18 0.34 we will use in our trees. The probability of having a Not Improving Economy (ending up in the Not Improving Economy part of the decision tree) is? Hide Answer Format: Number: Round to: 2 decimal places. Enter Answer Here... Submit Answer

Explanation / Answer

The probability of having not improving economy is computed as: 0.13 + 0.34 = 0.47

Therefore 0.47 is the required probability here.

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