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Inflation has really been in the news so far for 2022 and after reading a few articles, you have come up with the following information:
Inflation has really been in the news so far for 2022 and after reading a few articles, you have come up with the following information: there is a 60% chance that we will have a high level of inflation for 2022 of 16%; a 30% chance that we will have a moderate rate of inflation for 2022 of 10% and a 10% chance that we will have a low level of inflation for 2022 of 4%
Based on the above projections, what is the expected rate of inflation for all of 2022? (Set up a chart)
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