Political Analysts Estimate the Probability That Hillary Clinton Will Run

question 51

Multiple Choice

Political analysts estimate the probability that Hillary Clinton will run for president in 2008 is 45%, and the probability that NY's Governor George Pataki will run as the Republican candidate is 20%. If their political decisions are independent, then what is the probability that only Hillary runs for president?

• A) 25%
• B) 9%
• C) 36%
• D) 11%
• E) 45%

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Definitions:

Potential Customer

An individual or entity that is likely to be interested in a company's product or service but has not yet made a purchase.

Business Models

Frameworks that describe how a company creates, delivers, and captures value, in both economic, social, and other contexts.

Experimentation

The process of conducting tests and trials to explore hypotheses or new ideas, typically to gain knowledge or validate theories.

Cost Structure

An outline of the types and relative proportions of fixed and variable costs that a business incurs in its operations.