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.

Reviews

Write a Review

Econometrics Questions & Answers

  Test the overall significance of the regression

Interpret the coefficient of LOG (AVGINC). Are its sign consistent with your expectations and determinant factors that explain students' performance in fifth-grade tests. We observe a sample of 420 districts in California

  Estimate the compound growth rates

The sales information for the Lonestar Sports Apparel Corporation for the last 12 years as follows:

  Question about us dollar depreciates

A pint of British marmalade costs a United States customers $10. Assume that the dollar depreciates against the British Pound, the pint of British marmalade for the United States customer will cos

  Statistical significance of the parameter

Wilpen Corporation, a price-setting company, manufactures nearly 80% of all tennis balls purchased in the United States.

  Multicollinearity impact om regression analysis

Multicollinearity refers to existence of correlation among the independent variables in a multiple regression model. Explain how multicollinearity can impact your regression analysis.

  Calculating herfindahl index

Determine the Herfindahl index for an industry composed of three companies one with 70% of the market, and the other two with 20 and 10 percent of the market respectively one company with 50% share

  Question about mobile commerce

M-commerce also known as mobile commerce is being lumped in with several strategic internet plans. Explain some of the industries that are likely to use mobile commerce and how it is working for them.

  Model for the unemployment rate

Calculate the BIC with the command estat ic and what is the difference between the predicted values and actual for the AR(1), AR(2) and AR(3) models.

  Cost of holding inventory

To ensure that correct size of heart valve is available for heart surgery, Heart Plus, maker of valves employs salespeople to place and maintain inventories at hospitals in its market.

  Calculating the average days past due and average flow time

Auto Data manufactures custom engineering testing machine. The following 5-orders are currently in the design department:

  Multiplicative decomposition method

Multiplicative decomposition method

  Acquiring a substitute product

Determine what should you do to maximize benefits with respect to values after you acquire a substitute product. Which values should you change more?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd