390 voters are classified by income and political party. The results are shown in the table.
| Democrat | Republican | Total | |
| Low Income | 101 | 75 | 176 |
| Medium Income | 89 | 63 | 152 |
| High Income | 25 | 19 | 44 |
| Super High Income | 10 | 8 | 18 |
| Total | 224 | 166 | 390 |
a. What is the probability of randomly selecting a Democrat in this sample?
b. If a low income voter is randomly chosen, what is the probability that they are a Democrat?
c. Are the events "Democrat" and "Low Income" independent?
a)
probability of randomly selecting a Democrat in this sample =224/390=0.5744
b)
P(democrat given low income voter )=101/176=0.5739
c)
here as P(Democrat) is approximately equal to P(democrat given low income voter ) ; we find them statistically independent.
390 voters are classified by income and political party. The results are shown in the table....
Problem 7 Voters in a certain city can be classified by their political preference (Democrat, Republican, Independent) and their opinion (For, Against, Undecided) about highway tolls. Political Preference Democrat Republican Independent Total Opinion For 145 122 78 345 Against 216 188 180 584 Undecided 17 13 41 71 Total 378 323 299 1000 One voter is selected at random from this population. Consider the following events. R: The selected voter is a Republican. A: The selected voter is Against highway...
During a poll, 292 people were randomly selected and asked
their political party affiliation. The contingency table below
shows the results cross classified by political party affiliation
and income bracket.
Find the conditional distribution of the variable "income
bracket" for Republicans.
Seleccione una:
A. Low: 27.8%; Middle: 32.6%; High: 39.6%
B. Low: 15.7%; Middle: 13.4%; High: 14.0%
C. Low: 36.5%; Middle: 31.1%; High: 32.4%
D. Low: 47.8%; Middle: 43.8%; High: 38.4%
E. Low: 32.9%; Middle: 30.6%; High: 36.4%
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Please do all questions...
Six hundred registered voters were surveyed and asked their political affiliation and whether they support the idea of the Federal Government investing a portion of their social security contributions in the stock market. A summary of the survey is given in the table. If a voter is selected at random, what is the probability that the voter is a republican? Political Affiliation Republican Response Democrat Independent Totals Yes 35 90 10 135 No 165 100 200...
CASE 1-5 Financial Statement Ratio Computation Refer to Campbell Soup Company's financial Campbell Soup statements in Appendix A. Required: Compute the following ratios for Year 11. Liquidity ratios: Asset utilization ratios:* a. Current ratio n. Cash turnover b. Acid-test ratio 0. Accounts receivable turnover c. Days to sell inventory p. Inventory turnover d. Collection period 4. Working capital turnover Capital structure and solvency ratios: 1. Fixed assets turnover e. Total debt to total equity s. Total assets turnover f. Long-term...
1. When it comes to financial matters, the views of Aristotle can be stated as: a. usury is nature’s way of helping each other. b. the fact that money is barren makes it the ideal medium of exchange. c. charging interest is immoral because money is not productive. d. when you lend money, it grows more money. e. interest is too high if it can’t be paid back. 2. Since 2008, when the monetary base was about $800 billion,...