A Survey Is Made in a Neighborhood of 80 Voters

question 105

Multiple Choice

A survey is made in a neighborhood of 80 voters. 65 are Democrats and 15 are Republicans. Of the Democrats, 35 are women, while 5 of the Republicans are women. If one subject from the group is randomly selected, find the probability the individual is a Democrat or a Republican.

• A) 0.50
• B) 1.00
• C) 0.813
• D) 0.188
• E) 0.152

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Definitions:

Economies Of Scale

Financial advantages gained by businesses from their operational size, wherein the cost for each unit of production typically falls as the scale expands.

Industrial Organization Economics

A branch of economics that deals with the structure, behavior, and performance of industries and firms, including competition and regulation.

Competitive Advantage

The attributes or circumstances that allow a company to produce goods or services better or more cheaply than its competitors.

Structure Characteristics

The inherent attributes and qualities that define the composition and framework of an organization, system, or physical object.