What is the probability of a booming economy
Response to the following problem:
If a project's expected return is 15%, which represents a 35% return in a booming economy and a 5% return in a stagnant economy, what is the probability of a booming economy?
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If a project's expected return is 15%, which represents a 35% return in a booming economy and a 5% return in a stagnant economy.
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