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Financial Risk Manager Part 1

Financial Risk Manager Part 1

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In country X, the probability that a letter sent through the postal system reaches its destination is 2/3. Assume that each postal delivery is independent of every other postal delivery, and assume that if a wife receives a letter from her husband, she will certainly mail a response to her husband. Suppose a man in country X mails a letter to his wife (also in country X) through the postal system. If the man does not receive a response letter from his wife, what is the probability that his wife received his letter?

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