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Economic globalization is defined as the integration of national economies into the international economy through trade, foreign direct investment, capital flows, migration, and the spread of technology. Although globalization is generally viewed favorably, it also increases the vulnerability of a country to economic conditions of the other country. An economist predicts a 60% chance that country A will perform poorly and a 25% chance that country B will perform poorly. There is also a 16% chance that both countries will perform poorly. a. What is the probability that country A performs poorly given that country B performs poorly? b. What is the probability that country B performs poorly given that country A performs poorly? c. Interpret your findings.
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DEFINE INDEPENDENT VERSUS DEPENDENT EVENTS?
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A stockbroker knows from past experience that the probability that a client owns stocks is 0.60 and the probability that a client owns bonds is 0.50. The probability that a client owns bonds if he/she already owns stocks is 0.55. 1) What is the probability that a client owns both of these securities? 2) Given that a client owns bonds, what is the probability that he/she owns stocks?
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WHAT IS THE MULTIPLICATION RULE FOR INDEPENDENT EVENTS?
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Using the information in Table, answer the following questions:
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Determine whether the events “under 35 years old” and “Under Armour” are independent?
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Determine whether the events “under 35 years old” and “Under Armour” are independent?
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WRITE DOWN THE TOTAL PROBABILITY RULE CONDITIONAL ON TWO EVENTS?
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