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2. A municipal bond services has three rating categories (A,B,C). Suppose that in the past year, of the municipal bonds issues throughout the United States, 70% were rated A, 20% were rated B, and 10% were rated C. Of the municipal bonds rated A, 50% were

2. A municipal bond services has three rating categories (A,B,C). Suppose that in the past year, of the municipal bonds issues throughout the United States, 70% were rated A, 20% were rated B, and 10% were rated C. Of the municipal bonds rated A, 50% were issued by cities,40% by suburbs, and 10% by rural areas. Of the municipal bonds rated B, 60% were issued by cities, 20% by suburbs, and 20% by rural areas. Of the municipal bonds rated C, 90% were issued by cities, 5% by suburbs, and 5% by rural areas. 

.b.What proportion of municipal bonds are issued by cities? 

c.What proportion of municipal bonds are issued by suburbs?

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2. A municipal bond services has three rating categories (A,B,C). Suppose that in the past year, of the municipal bonds issues throughout the United States, 70% were rated A, 20% were rated B, and 10% were rated C. Of the municipal bonds rated A, 50% were
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