To gauge the relationship between education and unemployment, an economist turned to the U.S. Census from which

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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?

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Statistics For Management And Economics

ISBN: 9781133420774

9th Edition

Authors: Gerald Keller, Kenneth C Louden

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