Technology sector will not outperform the market

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An economist estimates a 65% probability that the economy will expand next year. The technology sector has a 70% probability of outperforming the market if the economy expands and a 20% probability of outperforming the market if the economy does not expand. Given the new information that the technology sector will not outperform the market, what is the probability that the economy will not expand?

Reference no: EM132382106

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