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Probability that you will purchase the dollar

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Reference no: EM131636868

Question: The probability that the Kwacha will weaken against the dollar is 0.54. The probability that you will purchase the dollar tomorrow is 0.40.

(a) What is the probability that, tomorrow, the Kwacha will weaken and that you will purchase that dollar? (3 marks)

(b) What is the probability that, tomorrow, the Kwacha will weaken or will purchase the dollar? (3 marks)

What is the probability that, tomorrow, you will purchase that dollar given that the kwacha has weakened?

Reference no: EM131636868

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