Question: Refer to Exercise 23. Assume that the probabilities that each of the three scenarios occurs are P(A) = 0.20, P(B) = 0.30, and P(C) =

Refer to Exercise 23. Assume that the probabilities that each of the three scenarios occurs are P(A) = 0.20, P(B) = 0.30, and P(C) = 0.50.
a. Find the probability that scenario A occurs and that the loss is 5%.

b. Find the probability that the loss is 5%.

c. Find the probability that scenario A occurs given that the loss is 5%.

Refer to Exercise 23.

Probability Loss (%) Scenario A Scenario B Scenario C 0.65 0.65 0.65 0.24 0.1 0.01 0.2 0.24 10 I5 20 25 0.1 0.01 0.1 0.0

Probability Loss (%) Scenario A Scenario B Scenario C 0.65 0.65 0.65 0.24 0.1 0.01 0.2 0.24 10 I5 20 25 0.1 0.01 0.1 0.05

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