1. Colonia has only two political parties, the Wigs and the Wags. If the Wags are elected, there is a 32% probability of a tax increase over the next four years. If the Wigs are elected, there is a 60% probability of a tax increase. Based on the current polls, there is a 20% probability that the Wags will be elected. The sum of the (unconditional) probability of a tax increase and the joint probability that the Wigs will be elected and there will be no tax increase are closestto: