Answer all questions
At a certain university in Western Canada, 42%% of all 1st-year students are registered in an introductory Calculus course, 25% are registered in an introductory Economics course, and 59% are registered in an introductory Calculus or an introductory Economics course. You randomly pick a ist-year student from this particular university. Find the probability that the student chosen Part (a] is registered in both an introductory Calculus course and an introductory Economics course. (Use two decimals in your answer] Part (b) is registered in an introductory Calculus course and not registered in an introductory Economics course. [Use two decimals) Part (c) is not registered in introductory Calculus or not registered in introductory Economics. (use two decimals) Part (d) is not registered in either course (use two decimals) Part (e] If a student is registered in introductory Calculus, what is the probability they are also registered in introductory Economics? (use four decimals) Part (f) ilf a student is not registered in introductory Economics, what is the probability they are also not registered in introductory Calculus? (use four decimals) Part (g] Are the events " registered in introductory Calculus" and " registered in introductory Economics" independent? Select the most appropriate reason below. A. They are not mutually exclusive events, therefore, they must be independent events. B. They are not independent events, because P[Calculus/Economics)=0P(Calculus/Economics)=0. C. They are independent events, because P[Calculus Economics)=P(Calculus) P[Economics]P[Calculus/Economics]=P(Calculus)P(Economics) D. They are not independent events, because P[Calculus/Economics]=P(Calculus] P[Economics]P[Calculus/Economics]=P(Calculus] P[ Economics]. E. They are independent events, because P(Calculus/Economics)=OP(Calculus/Economics) =0.(a) If the a bobier named Carvalho in the Merican Coke arbela had marked up the retail price of Mexican Coke by OF'S and the elasticity of demand were 03 han me can predict that the quantity of Mexican Coke should have ( mcreated adecreased ) bry Shore method here b) In 1086 the price elasticity of demand was estimated for the goods below, Do you think the numbers today would be higher? Lower? The same? You must defend your answer with vald discussion Mik - 0.54 Beof - 0.35. (c)Tue or False? The government wants to raise tariffs on foreign cars that are gas guzzlers to discourage people from buying them because they are bad for the environment . Then such cars are considered 'inferior'. Explain briefly d) In the " Sex, Booze and Drugs' article, paragraphs #1-#9 only, find evidence in the text that reflects ijthe concept of Cross Elasticity of demand. Quote from the text between " ii) Quote from the text between " " evidence that reflects Elasticity of Supply e) The economic journal 'Advanced Econometrics Supplement' reported the estimates of income elasticities of demand for food for the countries listed below They are not listed in order. Match the country with the 'most likely' income elasticity value and write the value beside the country. make sur you at least try solving this puzzle. Be guided by what we learned to solve this puzzle. 0.14 United States 0.76 Canada 0.15 France 0.67 China 0.25 India
