THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 110

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
A recent marketing survey related consumers' awareness of a new marketing campaign with their rating of the product.Consumers rated their awareness as low,medium,or high,and rated the product as poor,fair,or good.The results are presented below.
-What is the probability that a consumer who had high awareness of the ad campaign ranked the product as good?

• A)0.675
• B)0.385
• C)0.775
• D)0.325

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Definitions:

Public Choice Theory

A branch of economics that studies how economic theories and methodologies can be applied to political science, focusing on the behavior of voters, politicians, and government officials.

Government Decision Making

The process by which government bodies decide on policies, laws, and budget allocations among other official actions.

Budget Deficits

A financial situation where a government's expenditures exceed its revenues, leading to increased borrowing or reduced spending.

Public Debt

The total amount owed by the federal government to the owners of government securities; equal to the sum of past government budget deficits less government budget surpluses.