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An investor has 30% investments in Country A, 30% investments in Country B and the remaining proportion of investments in Country C. From the past
An investor has 30% investments in Country A, 30% investments in Country B and the remaining proportion of investments in Country C. From the past records, the probabilities that the annual returns were greater than 5% from Countries A, B and C were 15%, 12% and 7% respectively. Suppose that an investment will generate an annual return greater than 5% in the next year. Find the probability that the investment comes from Country C.
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