Monday, May 11, 2009

What is the probability that if a favorable market occurs, the survey will have been positive?

Survey Results


Favorable Market(FM)-Positive: 0.65 , Negative: 0.35


Unfavorable Market(UM) -Positive: 0.4, Negative:0.6


What is the probability that if a favorable market occurs, the survey will have been positive?


I'm not sure that my answer is 0.65

What is the probability that if a favorable market occurs, the survey will have been positive?
if the possibility of the market being favorable is 1/2 then the probability would be 0.325


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