A Survey Questioned 1000 People Regarding Raising the Legal Drinking

question 95

Multiple Choice

A survey questioned 1000 people regarding raising the legal drinking age from 18 to 21. Of the 560 people who favored raising the legal drinking age, 390 were female. Of the 440 opposition responses, 120 were female. If a person selected at random from this group is a man, what is the probability that the person favors raising the drinking age? ​

• A)Pr(favors | male) =
• B)Pr(favors | male) =
• C)Pr(favors | male) =
• D)Pr(favors | male) =
• E)Pr(favors | male) =

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Definitions:

Laissez-Faire Perspective

An economic philosophy advocating minimal government intervention in the economy, allowing individuals and businesses to operate freely.

Active Antitrust Perspective

An approach favoring active government intervention to discourage monopolies, promote competition, and regulate anti-competitive practices.

Allocative Efficiency

A state of the market where resources are allocated in a way that maximizes the overall benefit to society, where the price of a good equals the marginal cost of production.