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Author Question: The probability of an economic decline in the year 2008 is 0.23. There is a probability of 0.64 that ... (Read 66 times)

najmarocks25

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on: Mar 25, 2023

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).

Essentials of Statistics for Business and Economics ¦ Anderson, Sweeney, Williams, Camm, Cochran ¦ 7th Edition
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Marked as best answer by najmarocks25 on Mar 25, 2023

knguyen

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Reply #1 on: Mar 25, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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najmarocks25

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Reply 2 on: Mar 25, 2023
Thanks for the timely response, appreciate it

kthug

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Reply 3 on: Yesterday
:D TYSM

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