• 2022-05-29
    There is a 40% chance that the economy will be good next year and a 60% chance that it will be bad. If the economy is good, there is a 50% chance of a bull market, a 30% chance of a normal market, and a 20% chance of a bear market. If the economy is bad, there is a 20% chance of a bull market, a 30% chance of a normal market, and a 50% chance of a bear market. What is the joint probability of a good economy and a bull market()
    A: 12%.
    B: 20%.
    C: 32%.