Find the Specified Conditional or Marginal Distribution for the Given $65 \%$

question 66

Multiple Choice

Find the specified conditional or marginal distribution for the given contingency table. Round to the nearest tenth of apercent if needed.
-During a poll, 129 people were randomly selected and asked their political party affiliation. The contingency table below shows the results cross classified by political party affiliation and sex.
Find the marginal distribution of political party affiliation.

• A)Democrats: \(65 \%\); Republicans: \(46.9 \%\); Other: \(52.5 \%\)
• B) Democrats: \(31 \%\); Republicans: \(38 \%\); Other: \(31 \%\)
• C) Men: 54.3\% ; Women: \(45.7 \%\)
• D) Democrats: \(23.7 \%\); Republicans: \(44.1 \%\); Other: \(32.2 \%\)

Understand how to calculate a firm's total profit.

Understand the graphical representation of economic concepts including demand, marginal revenue, average total cost, and marginal cost curves.

Understand the implications of perfect competition on a firm's long-run output levels.

Grasp the impact of perfect competition on the pricing strategies of a firm in the long-run.

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Definitions:

Owner's Equity

The residual interest in the assets of the entity after deducting liabilities, representing what the owners or shareholders own outright in the company.

Liabilities

Financial obligations a company owes to outside parties.

Assets

Resources owned by a business which are expected to provide future economic benefits, such as cash, inventory, property, and equipment.

Liabilities

Financial obligations or debts owed by a business to others, which must be settled over time through the transfer of economic benefits.