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Q2: Using the 2 table-, two - tailed test, Find the critical value of Zat the corresponding level of confidence for each of the following
Q2: Using the 2 table-, two - tailed test, Find the critical value of Zat the corresponding level of confidence for each of the following cases: 1) 1 - a = 95% 2) 1-a = 99% 3) 1-a = 90% An economics consulting firm has created a model to predict recessions. The model predicts a recession with probability 80% when a recession is indeed coming and with probability 10% when no recession is coming. The unconditional probability of falling into a recession is 20%. If the model predicts a recession, what is the probability that a recession will indeed come
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