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Economists propose several ways to slow the rate of inflation and stimulate the economy. Congressional reaction to two of these measures is sought. It is

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Economists propose several ways to slow the rate of inflation and stimulate the economy. Congressional reaction to two of these measures is sought. It is found that 55% of all members of Congress favor a tax cut (T), 30% favor a budget cut (B), and 25% favor both of these measures (B and T). 13.1 If a member of Congress is selected randomly and interviewed, what is the probability that the individual favors a budget cut, given that he or she favors a tax cut? A) 0.45 C) 0.7 B) 0.43 D) 0.3 13.2 If the individual does not favor a budget cut, what is the probability that he or she does favor a tax cut? A) 0.45 C) 0.43 B) 0.7 D) 0.3

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