The Following Table Shows the Results of a Survey of 440

question 219

Multiple Choice

The following table shows the results of a survey of 440 authors by a (fictitious) publishing company: $$\begin{array} { | l | l | l | l | } \hline & \begin{array} { l } \text { New } \\\text { Authors }\end{array} & \begin{array} { l } \text { Established } \\\text { Authors }\end{array} & \text { Total } \\\hline \text { Successful } & 60 & 40 & 100 \\\hline \text { Unsuccessful } & 150 & 190 & 340 \\\hline \text { Total } & 210 & 230 & 440 \\\hline\end{array}$$ An established author is chosen at random.
Compute the estimated probability of the event that the established author is successful.

• A) \(\frac { 4 } { 23 }\)
• B) \(\frac { 1 } { 11 }\)
• C) \(\frac { 19 } { 23 }\)
• D) \(\frac { 2 } { 5 }\)
• E) \(\frac { 3 } { 5 }\)

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Definitions:

Government Expenditures

The total amount of money the government spends, including spending on goods, services, and transfer payments.

World War II

A global conflict that lasted from 1939 to 1945, involving most of the world's nations and resulting in significant military and civilian casualties.

Great Depression

A severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States and affecting many countries.

Short-Run Aggregate Supply

The total supply of goods and services that firms in an economy are willing and able to produce over a short period, generally at existing price levels.