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Storm Storm
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6 years ago
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).
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tiss9889tiss9889
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6 years ago
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