According to the CGMA Economic Index, which measures executive sentiment across the world, 18% of all respondents expressed optimism about the global economy (http://www.aicpa.org, March 29, 2012). Moreover, 22% of the respondents from the United States and 9% from Asia felt optimistic about the global economy. a. What is the probability that an Asian respondent is not optimistic about the global economy? b. If 28% of all respondents are from the United States, what is the probability that a respondent is from the United States and is optimistic about the global economy? c. Suppose 22% of all respondents are from Asia. If a respondent feels optimistic about the global economy, what is the probability that the respondent is from Asia?
According to the CGMA Economic Index, which measures executive sentiment across the world, 18% of all respondents expressed optimism about the global economy (http://www.aicpa.org, March 29, 2012). Moreover, 22% of the respondents from the United States and 9% from Asia felt optimistic about the global economy. a. What is the probability that an Asian respondent is not optimistic about the global economy? b. If 28% of all respondents are from the United States, what is the probability that a respondent is from the United States and is optimistic about the global economy? c. Suppose 22% of all respondents are from Asia. If a respondent feels optimistic about the global economy, what is the probability that the respondent is from Asia?
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter12: Probability
Section12.2: Introduction To Probability
Problem 52E
Related questions
Question
According to the CGMA Economic Index which measures executive sentiment
According to the CGMA Economic Index, which measures executive sentiment across the world, 18% of all respondents expressed optimism about the global economy (http://www.aicpa.org, March 29, 2012). Moreover, 22% of the respondents from the United States and 9% from Asia felt optimistic about the global economy.
a. What is the
b. If 28% of all respondents are from the United States, what is the probability that a respondent is from the United States and is optimistic about the global economy?
c. Suppose 22% of all respondents are from Asia. If a respondent feels optimistic about the global economy, what is the probability that the respondent is from Asia?
According to the CGMA Economic Index which measures executive sentiment
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step 1: Determine the given variables.
VIEWStep 2: Find the probability that "A" respondent is not optimistic about the global company.
VIEWStep 3: Find the probability that a respondent is from "U" and is optimistic given that 28% from "U".
VIEWStep 4: Find the probability that "A" respondent is optimistic given that 22% respondents from "A".
VIEWSolution
VIEW
Step by step
Solved in 5 steps with 4 images
Recommended textbooks for you
Calculus For The Life Sciences
Calculus
ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Calculus For The Life Sciences
Calculus
ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
