The Following Table Gives the Average Number of Voters in Each

question 177

Multiple Choice

The following table gives the average number of voters in each of three political parties during the last 12 years, along with the average number that voted in presidential elections during this period. Use these data to find the probability, rounded to two decimal places, that a person selected at random from the registered Democratic voters will vote in the next election. ​

• A) Pr(Democratic will vote) = 0.55
• B) Pr(Democratic will vote) = 0.44
• C) Pr(Democratic will vote) = 0.24
• D) Pr(Democratic will vote) = 0.56
• E) Pr(Democratic will vote) = 0.45

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Definitions:

Labor Hours

The total hours of work provided by employees or workers within a specific timeframe.

Marginal Rate

The rate of change of a variable as another variable changes, typically used in the context of taxes, substitution, or transformation rates.

Technical Substitution

The process of replacing one technique or technology with another that is more efficient or cost-effective.

Marginal Products

The additional output produced as a result of adding one more unit of a specific input, while holding other inputs constant.