Of the Delegates at a Convention, 60% Attended the Breakfast

question 48

Short Answer

Of the delegates at a convention, 60% attended the breakfast forum, 70% attended the dinner speech, and 40% attended both events.
a. If a randomly selected delegate is known to have attended the dinner speech, what is the probability he or she also attended the breakfast forum?
______________
b. What is the probability that a randomly selected delegate either attended the breakfast forum, or attended the dinner speech, or attended both?
______________

---

Definitions:

Cost-Push Inflation

A sustained rise in the price level caused by a leftward shift of the aggregate supply curve.

Major Wars

Large-scale, high-intensity conflicts between countries or significant groups, often with substantial impacts on societies, economies, and environments.

Deflation

A decrease in the general price level of goods and services in an economy over a period, often indicating reduced consumer demand or excessive supply.

Aggregate Demand Curve

The aggregate demand curve represents the total demand for goods and services in an economy at different price levels, generally showing an inverse relationship between price and output demanded.