QSPmbbm7 10 Points An economics consulting rm has created a model to predict recessions for states in the US. The model predicts a recession with probability 65% when a recession is indeed coming and with probability 28% when no recession is coming. Suppose that the probability of falling into a recession is 12%. 08.1 Problem 7 A, B, & C 10 Points Combined Parts A, B. & C for ONE File Upload - Clearly label each part Part A: Draw a tree diagram for this problem. For convenience, let R be that a recession comes for a state and MPR be that the model predicts a recession for a state. (4 pts) Part B: What is the probability that the model predicts a recession? (3 pts) Part C: Are the events. model prediction and recession, independent? Explain. (3 pts) Q Please select le{s] Select |e[s] OQPmbme 7 Points The mean price that households pay for Internet service (internet only} per month follows a Normal distribution with a mean of $83 and a standard deviation of $17. 09.1 Problem 8 A & B 7 Points Combined Parts A 8.: B for ONE File Upload - Clearly label each part Part A: What is the probability that a randomly selected household pays more than $85 for internet services per month? (3 pts) Part B: What is the probability that the average price paid by a random sample of 15 households is greater than $85? (4 pts) Q Please select leis] Select le[s]