Last week, a share of stock gained a total of 1.64. Express this gain as a mixed number in simplest form
1 answer:
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Answer:
The probability Democrat is selected given that this member favors some type of corporate tax reform is 0.6309.
Step-by-step explanation:
Let us suppose that,
R = Republicans
D = Democrats
I = Independents.
X = a member favors some type of corporate tax reform.
The information provided is:
P (R) = 0.27
P (D) = 0.56
P (I) = 0.17
P (X|R) = 0.34
P (X|D) = 0.41
P (X|I) = 0.25.
Compute the probability that a randomly selected member favors some type of corporate tax reform as follows:
The probability that a randomly selected member favors some type of corporate tax reform is P (X) = 0.3639.
Compute the probability Democrat is selected given that this member favors some type of corporate tax reform as follows:
Thus, the probability Democrat is selected given that this member favors some type of corporate tax reform is 0.6309.