To gauge the relationship between education and unemployment, an economist turned to the U.S. Census from which
Question:
To gauge the relationship between education and unemployment, an economist turned to the U.S.
Census from which the following table of joint probabilities was produced.
Education Employed Unemployed Not a high school graduate .091 .008 High school graduate .282 .014 Some college, no degree .166 .007 Associate’s degree .095 .003 Bachelor’s degree .213 .004 Advanced degree .115 .002
(Source: Statistical Abstract of the United States, 2009, Table 223.)
a. What is the probability that a high school graduate is unemployed?
b. Determine the probability that a randomly selected individual is employed.
c. Find the probability that an unemployed person possesses an advanced degree.
d. What is the probability that a randomly selected person did not finish high school?
Step by Step Answer:
Statistics For Management And Economics
ISBN: 9781133420774
9th Edition
Authors: Gerald Keller, Kenneth C Louden