Question: 10 points Exercise 2.4.3. The state senate is debating two bills that will affect the compet- itive environment of local businesses. The first bill will

10 points Exercise 2.4.3. The state senate is debating two bills that will affect the compet- itive environment of local businesses. The first bill will raise the minimum wage in the state. The second will relax regulations for the manufacturing industries in the state. A survey of 500 people was conducted to assess public opinion on each issue. The results are shown in the table. relax regulations don't relax regulations total raise minimum wage 200 300 don't raise minimum wage 150 50 200 total 250 250 100 Suppose we randomly choose one of the 500 people surveyed. a Construct a joint probability table describing the responses of the randomly chosen person. b. If this person supports an increase in the minimum wage, what is the probability that he also supports a relaxation in regulations? c. If this person does not support the relaxation of regulations, what is the probability that he supports an increase in the minimum wage? 10

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