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espite government bailouts and stimulus money,  unemployment in the United States had not decreased  significantly as economists had expected (U.S. News  & World Report, July 2, 2010). Many analysts predicted  only an 18% chance of a reduction in U.S. unemployment.  However, if Europe slipped back into a recession, the  probability of a reduction in U.S. unemployment would  drop to 0.06. Assume there is an 8% chance that Europe slips  back into a recession. What is the probabi

espite government bailouts and stimulus money,  unemployment in the United States had not decreased  significantly as economists had expected (U.S. News  & World Report, July 2, 2010). Many analysts predicted  only an 18% chance of a reduction in U.S. unemployment.  However, if Europe slipped back into a recession, the  probability of a reduction in U.S. unemployment would  drop to 0.06. Assume there is an 8% chance that Europe slips  back into a recession. What is the probabi

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Despite government bailouts and stimulus money, 
unemployment in the United States had not decreased 
significantly as economists had expected (U.S. News 
& World Report, July 2, 2010). Many analysts predicted 
only an 18% chance of a reduction in U.S. unemployment. 
However, if Europe slipped back into a recession, the 
probability of a reduction in U.S. unemployment would 
drop to 0.06. Assume there is an 8% chance that Europe slips 
back into a recession. What is the probability that 
there is not a reduction in U.S. unemployment and 
that Europe slips into a recession?

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