390 Voters Are Classified by Income and Political Party A) 0090
B) 0

question 158

Multiple Choice

390 voters are classified by income and political party. The results are shown in the table. If a person isselected at random from the sample, find the probability that the person has high income. $$\begin{array} { l c c c } \hline & \text { Democrat } & \text { Republican } & \text { Total } \\\hline \text { Low Income } & 108 & 69 & 177 \\\text { Medium Income } & 91 & 74 & 165 \\\text { High Income } & 18 & 17 & 35 \\\text { Super High Income } & 8 & 5 & 13 \\\text { Total } & 225 & 165 & 390 \\\hline\end{array}$$

• A) 0.090
• B) 0.046
• C) 0.080
• D) 0.514

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Definitions:

Innocent Misrepresentation

A false statement made by one party to another, where the person making the statement genuinely believes it to be true.

Rescission

Rescission is a legal remedy that cancels a contract and returns the parties involved to their statuses prior to the contract, as if it never existed.

Rescission

The legal act of cancelling a contract and returning the parties involved to their positions prior to the agreement, as if the contract never existed.

Misrepresentation

The act of giving false or misleading information about a material fact in a transaction.