Answer:
There are three types of economic indicators: leading, lagging and coincident. An economic indicator refers to data or information that help describe and measure the current state of the economy.Indicators expose trends and help to forecast economic events in the future. They are considered when during decision making and planning.
Answer:
Explanation:
Given
Solving (a):
In probability, this is calculated as:
This gives:
Solving (b):
In probability, this is calculated as:
This gives: