This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The probability of an economic decline in the year 2008 is 0.23 . There is a probability of 0.64 ... (Read 47 times)

jrubin

  • Hero Member
  • *****
  • Posts: 552
on: Jun 24, 2018
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

joshbk44

  • Sr. Member
  • ****
  • Posts: 340
Reply #1 on: Jun 24, 2018
Answer to Question 1

a. No, because P(D)  P(D  R)
b. 0.224
c. 0.9739
d. 0.646

Answer to Question 2

d


jrubin

  • Member
  • Posts: 552
Reply 2 on: Jun 24, 2018
:D TYSM

laurnthompson

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Sample budget spreadsheet form for first year of business. Sample budget spreadsheet form for first year of business.
Discrete random variables- Probability Distribution Function Discrete random variables- Probability Distribution Function
economic question economic question
economic question economic question
economic question economic question
The Serial Numbers for Each Day of the Year The Serial Numbers for Each Day of the Year
Video: Pressure volume relationships - Normal inspiration and expiration

For a complete list of videos, visit our video library