Mathematics, 22.02.2021 19:00 brinleychristofferse
The probability of an economic decline in the year 2020 is 0.23. There is a probability of 0.64 that we will elect a republican president in the year 2020. If we elect a republican president, there is a 0.35 probability of an economic decline. Let "D" represent the event of an economic decline, and "R" represent the event of election of a Republican president. Use this information to answer the following four questions:
1 Are R and D independent events?
2 What is the probability of electing a Republican president and an economic decline in 2020?
3 If we experience an economic decline in 2016, what is the probability that a Republican president will have been elected in 2020?
4 What is the probability of economic decline or a Republican president elected in 2020 or both?
Answers: 1
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The probability of an economic decline in the year 2020 is 0.23. There is a probability of 0.64 that...
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