Westonci.ca is the best place to get answers to your questions, provided by a community of experienced and knowledgeable experts. Join our platform to connect with experts ready to provide accurate answers to your questions in various fields. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

According to exit polling from the 2014 U.S. midterm elections, 36% of voters had a household income less than $50,000, while 64% had a household income of at least $50,000. Forty-three percent of voters from house-holds making less than $50,000 voted for the Republican party in the election, while 55% percent of voters from households making at least $50,000 voted Republican. What is the probability that a randomly selected Republican voter from the exit poll is from a household that makes at least $50,000

Sagot :

Answer:

0.6946 = 69.46% probability that a randomly selected Republican voter from the exit poll is from a household that makes at least $50,000.

Step-by-step explanation:

Conditional Probability

We use the conditional probability formula to solve this question. It is

[tex]P(B|A) = \frac{P(A \cap B)}{P(A)}[/tex]

In which

P(B|A) is the probability of event B happening, given that A happened.

[tex]P(A \cap B)[/tex] is the probability of both A and B happening.

P(A) is the probability of A happening.

In this question:

Event A: Republican

Event B: From a household that makes at least $50,000.

Probability of Republican:

43% of 36%(makes less than $50,000).

55% of 64%(makes more than $50,000).

So

[tex]P(A) = 0.43*0.36 + 0.55*0.64 = 0.5068[/tex]

Republican and from a household that makes at least $50,000.

55% of 64%. So

[tex]P(A \cap B) = 0.55*0.64 = 0.352[/tex]

What is the probability that a randomly selected Republican voter from the exit poll is from a household that makes at least $50,000?

[tex]P(B|A) = \frac{P(A \cap B)}{P(A)} = \frac{0.352}{0.5068} = 0.6946[/tex]

0.6946 = 69.46% probability that a randomly selected Republican voter from the exit poll is from a household that makes at least $50,000.