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the probability of an event occurring expressed as a ratio of it occurring to it not occurring
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- 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 percent 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 probability of a bull market next year?A) 32%.B) 20%.C) 50%.
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