Q.8) What is the median of the distribution.

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An economist believes that during periods of high economic growth, the U.S. dollar appreciates with probability 0.70; in periods of moderate economic growth, the dollar appreciates with probability 0.40; and during periods of low economic growth, the dollar appreciates with probability 0.20 . During any period of time, the probability of high economic growth is 0.30, the probability of moderate growth is 0.50; and the probability of low economic growth is 0.20 . Suppose the dollar has been appreciating during the present period .

Q.9) What is the probability we are experiencing a period of high economic growth?