The probability of an economic decline in the year 2008 is 0.23 . There is a probability of 0.64 that we will elect a republican president in the year 2008 . If we elect a republican president, there is a 0.35 probability of an economic decline. Let D represent the event of an economic decline, and R represent the event of election of a Republican president.
a. Are R and D independent events?
b. What is the probability of a Republican president and economic decline in the year 2008?
c. If we experience an economic decline in the year 2008, what is the probability that there will a Republican president?
d. What is the probability of economic decline or a Republican president in the year 2008? Hint: You want to find P(D R).
Question 2
A requirement that two 0-1 variables both be either in or out of a solution together is a
a. k out of n alternatives constraint
b. conditional constraint
c. mutually exclusive constraint
d. corequisite constraint
Early in the twentieth century, when malnutrition was common, companies such as this one advertised
Social Capability and Economic Growth
economic question
economic question
Economic practice question