The Following Contingency Table Provides a Joint Frequency Distribution for the Popular

question 98

Essay

The following contingency table provides a joint frequency distribution for the popular votes cast in the presidential election by region and political party. Data are in thousands, rounded to the nearest thousand. If a person who voted in the presidential election is selected at random, $P \left( R _ { 2 } \mid P _ { 1 } \right) = 0.280$ . Interpret this probability in terms of percentages.

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Definitions:

Beginning Inventory

The value of the inventory that a company has at the start of an accounting period, before any purchases or sales have occurred.

Net Income

The total profit of a company after all expenses, including taxes and operating costs, have been subtracted from total revenue.

Consignment

A sales arrangement in which goods are placed in the care of another, but ownership and title remain with the supplier until the goods are sold.

Net Income

The amount of earnings after all expenses and taxes have been deducted from revenue.