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In an exit poll, 45% of voters said that the main issue affecting their choices of candidates
was the economy, 35% said national security, and the remaining 20% were not sure.
Suppose we select one of the voters who participated in the exit poll at random and ask
for the main issue affecting his or her choices of candidates.
a. List the sample points for this experiment.
b. Assign reasonable probabilities to the sample points.
c. Find the probability that the main issue affecting his or her choices was either the
economy or national security.
Economics
The efficient allocation of the scarce means of production toward the satisfaction of human wants.
Input
Resources used in the production process, including labor, materials, machinery, and other factors of production.
Demand
The volume of goods or services that individuals are prepared and financially able to acquire at varying price points during a certain time span.
Perfectly Competitive Labor Market
A theoretical market where numerous employers and employees interact, with no single entity able to influence wages or working conditions.
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