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 129 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
Excellent

adammoses97

  • Member
  • Posts: 337
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

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

Defibrillator. Defibrillators are devices that supply a voltage charge to the heart in the hope of r Defibrillator. Defibrillators are devices that supply a voltage charge to the heart in the hope of r
The Economic Way of Thinking The Economic Way of Thinking
Use a graphical method to find the length of the loan to the nearest year Use a graphical method to find the length of the loan to the nearest year
The expected value for a binomial probability distribution is _____. The expected value for a binomial probability distribution is _____.
economic question economic question
A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ... A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ...
Video: Lipid digestion - mouth, stomach and small intestine

For a complete list of videos, visit our video library