A Safety Agency Was Interested in Whether Penalties for Talking

question 12

Short Answer

A safety agency was interested in whether penalties for talking on a cell phone while driving reduce the probability that individuals will DO SO. They randomly contacted 100 cell phone users. Fifty were from a state that had a law prohibiting this behavior, and 50 were from a state that had no such law. The data follow:

a. Calculate the simple probability that someone uses a cell phone while driving.
b. Calculate the joint probability that someone is in a state without the law and uses their cell phone while driving.
c. Calculate the probability that someone will use their cell phone while driving given they live in state with the law.

Understand the various platforms and techniques for professional networking and their importance.

Comprehend the concept of human capital and its significance in personal and professional growth.

Recognize the role and impact of social capital within entrepreneurial and business contexts.

Appreciate the importance of diversity and inclusion within teams for creativity and problem-solving.

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Definitions:

Beef

The flesh of a cow, steer, or bull raised and killed for its meat.

Price Elasticity of Demand

The response level of the demand for a product to variations in its price, determined by dividing the percentage change in the demanded quantity by the percentage change in the price.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price.

Unit Elasticity

Demand or supply for which the elasticity coefficient is equal to 1; means that the percentage change in the quantity demanded or quantity supplied is equal to the percentage change in price.