Use Bayes' Rule to Find the Indicated Probability

question 18

Multiple Choice

Use Bayes' rule to find the indicated probability.
-In Cumberland County,55% of registered voters are Democrats,30% are Republicans and 15% are independent. During a recent election,35% of the Democrats voted,65% of the Republicans voted,and 75% of the
Independent voted.What is the probability that someone who voted is a Democrat?

• A)0.615
• B)0.55
• C)0.45
• D)0.385

Identify characteristics of national and non-national brands.

Understand the purpose and value of automobile service contracts.

Analyze factors that influence consumer buying decisions.

Understand the principles of price comparison and recognize misleading pricing strategies.

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Definitions:

U.S. Dollar Value

The worth of a good, service, or financial security denominated in terms of the United States dollar.

Norwegian Kroners

The official currency of Norway, symbolized as NOK.

U.S. Dollars

The official currency of the United States, which is used as a standard monetary unit for various international transactions.

Foreign Trade Zone

A designated location within a country where goods can be imported, stored, and processed without being subject to import duties until they enter the domestic market.