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Some people are in favor of reducing federal taxes to

Basic Statistics for Business and Economics | 7th Edition | ISBN: 9780077384470 | Authors: Douglas Lind; William Marchal; Samuel Wathen ISBN: 9780077384470 64

Solution for problem 1E Chapter 5

Basic Statistics for Business and Economics | 7th Edition

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Basic Statistics for Business and Economics | 7th Edition | ISBN: 9780077384470 | Authors: Douglas Lind; William Marchal; Samuel Wathen

Basic Statistics for Business and Economics | 7th Edition

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Problem 1E

Some people are in favor of reducing federal taxes to increase consumer spending and others are against it. Two persons are selected and their opinions are recorded. Assuming no one is undecided, list the possible outcomes.

Step-by-Step Solution:

Step 1 of 2

We are asked to list the possible outcomes assuming no one is selected.

Some people are in favor of reducing federal taxes to increase consumer spending and others are against it.

Two persons are selected and their opinion is recorded.

Since the number of persons is selected is two, hence the number of possible outcomes would be

Let  represent the person who is against it.

Let  represent the person who is in favor of it.

Step 2 of 2

Chapter 5, Problem 1E is Solved
Textbook: Basic Statistics for Business and Economics
Edition: 7
Author: Douglas Lind; William Marchal; Samuel Wathen
ISBN: 9780077384470

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Some people are in favor of reducing federal taxes to