What is the probability that he or she is a coalition voter

Assignment Help Econometrics

Reference no: EM13146930

Suppose it is known that 45% of the population are Coalition voters, 45% are ALP voters, and 10% vote for Greens.

Suppose it is also known that The Australian newspaper is read by 70% of Coalition voters, 35% of ALP voters, and 20% of Greens voters. If a randomly selected person is observed reading The Australian, what is the probability that he or she is a Coalition voter (rounded to 3 decimal places)?

Reference no: EM13146930

Questions Cloud

What is the pattern of radioactivity in the sister chromatid : What is the pattern of radioactivity in the sister chromatids after the first and second round of DNA replication ?

Describe briefly why cuso4 is more soluble in water : Explain briefly why CuSO4 is more soluble in water than in organic (nonpolar) solvent.

Mandy purchased a business law book : Mandy purchased a business law book and used it during her business law class. She later loaned the book to Steven, and then to Christen. Another student accused her of copyright violation and threatened to report her to the book publisher and a..

Implications of the changes in the aging schedule : Determine the total estimated uncollectibles. Prepare the adjusting entry at March 31, 2007, to record bad debts expense. Discuss the implications of the changes in the aging schedule from 2006 to 2007

What is the probability that he or she is a coalition voter : Suppose it is known that 45% of the population are Coalition voters, 45% are ALP voters, and 10% vote for Greens.

What is the purpose of the selectable marker : How do you think PCR could be used to determine if a public water supply is contaminated with a hazardous bacteria? What would be necessary to do this analysis?

Forecast the level of sales in the second quarter of time : D3 is a dummy variable that is equal to one in the third quarter and zero otherwise. Forecast the level of sales in the second quarter of time period ten

Purchase price in consolidated financial-statements : On January 1, 2009, Riley Corp. acquired some of the outstanding bonds of one of its subsidiaries. The bonds had a carrying value of $421,620 and Riley paid $401,937 for them. How should you account for the difference between the carrying value an..

Determining advanced federal taxation : Three years ago, Ralph purhcased stock in White Corporation for $40,000. The current stock has a current value of $5,000. Ralph needs to decide which of the following alternatives to pursue. Determine the tax effect of each.

User Account

All Pages