The following table shows the joint probability distribution of X and Y, where Y is the income level of a sample of countries, and X represents whether the countries' public debt to GDP ratio is high (above 100%) or low (below 100%).                          Debt ratio (X)   Income(y) High Low High income 0.24 0.29 Low income 0.12 0.35   question 1: Find the probability that a country has a low debt ratio given that they are classified as a low-income country

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 The following table shows the joint probability distribution of X and Y, where Y is the income level of a sample of countries, and X represents whether the countries' public debt to GDP ratio is high (above 100%) or low (below 100%).

                      
  Debt ratio (X)  
Income(y) High Low
High income 0.24 0.29
Low income 0.12 0.35

 

question 1:

Find the probability that a country has a low debt ratio given that they are classified as a low-income country

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