Find the Conditional Probability

question 111

Multiple Choice

Find the conditional probability.
-The following contingency table provides a joint frequency distribution for the popular votes cast in the 1984 presidential election by region and political party. Data are in thousands, rounded to the Nearest thousand. A person who voted in the 1984 presidential election is selected at random. Compute the Probability that the person selected voted Democrat given that they were in the Northeast.

• A)0.098
• B)0.406
• C)0.241
• D)0.442

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Definitions:

Debt Ratio

A financial ratio that measures the proportion of a company's total debt to its total assets, indicating the company's leverage level.

Inventory Turnover in Days

A metric that calculates the number of days it takes for a company to sell through its entire inventory, indicating the efficiency of inventory management.

Acid-Test Ratio

A liquidity ratio that measures a company's ability to pay off its current liabilities with quick assets, excluding inventory.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations by comparing current assets to current liabilities.