32. Due to rising health insurance costs, 43 million people in the United States go without health...

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32. Due to rising health insurance costs, 43 million people in the United States go without health insurance (Time, December 1, 2003). Sample data representative of the national health insurance coverage are shown here.

a. Develop a joint probability table for these data and use the table to answer the remaining questions.

b. What do the marginal probabilities tell you about the age of the U.S. population?

c. What is the probability that a randomly selected individual does not have health insurance coverage?

d. If the individual is between the ages of 18 and 34, what is the probability that the individual does not have health insurance coverage?

e. If the individual is age 35 or older, what is the probability that the individual does not have health insurance coverage?

f. If the individual does not have health insurance, what is the probability that the individual is in the 18 to 34 age group?
g. What does the probability information tell you about health insurance coverage in the United States?

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Essentials Of Statistics For Business And Economics

ISBN: 9780324568608

5th Edition

Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams

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