A joint survey by Parade magazine and Yahoo found that 59% of American workers say that if
Question:
A joint survey by Parade magazine and Yahoo found that 59% of American workers say that if they could do it all over again, they would choose a different career (USA today, September 24, 2012). The survey also found that 33% of American workers say they plan to retire early and 67% say they plan to wait and retire at age 65 or older. Assume that the following joint probability table applies.
a. What is the probability a worker would select the same career?
b. What is the probability a worker who would select the same career plans to retire early?
c. What is the probability a worker who would select a different career plans to retire early?
d. What do the conditional probabilities in parts (b) and (c) suggest about the reasons workers say they would select the samecareer?
Step by Step Answer:
Essentials Of Statistics For Business And Economics
ISBN: 9781305081598
7th Edition
Authors: David Anderson, Thomas Williams, Dennis Sweeney, Jeffrey Cam