Reference no: EM132857811

-An Analyst shows that next year, there is 20% chance that the world economy will be good, 50% chance that it will be neutral, and 30% chance that it will be poor. She also predicts that start-up companies' performance neutral, Poor. The following table shows the probabilities will be good, 0.60 0.30 0.10 0.40 0.30 0.30 0.20 0.30 0.50 World Economy
Probability of World Economy
Performance of Start-Up Companies
Conditional Probability of Start-ups Performance on World Economy
Good 0.20 Neutral 0.50 Poor 0.30
Good Neutral Poor Good Neutral Poor Good Neutral Poor

-What is the probability that world economy will be good and that of start-ups will be poor?

-What is the probability of the performance of start-ups will be poor?