The Following Table Gives the Average Number of Voters in Each

question 37

Multiple Choice

The following table gives the average number of voters in each of three political parties during the last 12 years, along with the average number that voted in presidential elections during this period. Use these data to find the probability, rounded to two decimal places, that a person selected at random from the registered Democratic voters will vote in the next election. ​ ​

• A)Pr(Democratic will vote) = 0.55
• B)Pr(Democratic will vote) = 0.44
• C)Pr(Democratic will vote) = 0.24
• D)Pr(Democratic will vote) = 0.56
• E)Pr(Democratic will vote) = 0.45

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Definitions:

Mixed Cost

A cost that contains both variable and fixed cost elements, making it partly dependent on the level of output or activity.

Cases Bottled

Refers to the quantity of products, typically liquids, packaged into bottles and prepared for distribution or sale.

Mixed Cost

A cost that contains both variable and fixed cost elements and changes in total with changes in production volume but not proportionately.

High-low Method

An accounting technique used to estimate fixed and variable costs by analyzing the highest and lowest levels of activity and their corresponding costs.