A Survey Is Made in a Neighborhood of 80 Voters

question 78

Multiple Choice

A survey is made in a neighborhood of 80 voters.65 were Democrats and 15 were 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: 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:

Consumer Surplus

The difference between the total amount consumers are willing and able to pay for a good or service and the total amount they actually pay.

Trade

The exchange of goods, services, or both between two or more parties, either within a country or across international borders.

Total Surplus

The sum of consumer surplus and producer surplus in a market, representing the total benefit to society from trade.

Trade

The trading of goods, services, or both among two or more entities, within the same nation or across different countries.