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
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