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Restaurants in London,Paris,and New York want diners to experience eating in pitch darkness to heighten their senses of taste and smell (Vanity Fair,December 2011).Suppose 400 people were asked,"If given the opportunity,would you eat at one of these restaurants?" The accompanying contingency table,cross-classified by age,would be produced. a.What is the probability that a respondent would eat at one of these restaurants?
b.What is the probability that a respondent would eat at one of these restaurants or is in the 30-44 age bracket?
c.Given that the respondent would eat at one of these restaurants,what is the probability that he or she is in the 30-44 age bracket?
d.Is whether a respondent would eat at one of these restaurants independent of one's age? Explain using probabilities.
Negotiated Wage
The result of collective bargaining between employers and employees (or their representatives), resulting in agreed-upon salaries.
Widget Industry
A generic term often used to refer to any industry producing unspecified or hypothetical products for illustrative examples in discussions.
Minimum Wage
The lowest legal wage that can be paid to workers, determined by government regulation.
Market Equilibrium Wage
The wage rate at which the quantity of labor supplied equals the quantity of labor demanded in a given labor market.
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