390 Voters Are Classified by Income and Political Party A) 0749
B) 0

question 131

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 medium income or votesDemocrat. $$\begin{array} { l c c c } \hline & \text { Democrat } & \text { Republican } & \text { Total } \\\hline \text { Low Income } & 107 & 75 & 182 \\\text { Medium Income } & 92 & 67 & 159 \\\text { High Income } & 19 & 19 & 38 \\\text { Super High Income } & 7 & 4 & 11 \\\text { Total } & 225 & 165 & 390 \\\hline\end{array}$$

• A) 0.749
• B) 0.409
• C) 0.579
• D) 0.985

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Definitions:

Win-Lose Claims

Situations or assertions in which one side gains what the other side loses, typically in disputes or negotiations.

Minimum Reservation Point

is the lowest or least favorable outcome one is willing to accept in a negotiation or deal.

Maximum Reservation Point

The highest price a consumer is willing to pay for a good or service, beyond which they will choose not to purchase it.

Reservation Point

The least favorable point at which one will accept a deal during negotiations, beyond which they will walk away.