Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ow your work, here, you may leave your answer as a simplified fraction. und probabilities to 4 decimal places. [12 points] What is the relationship

image text in transcribed

image text in transcribed
ow your work, here, you may leave your answer as a simplified fraction. und probabilities to 4 decimal places. [12 points] What is the relationship between educational achievement and a 401-K retirement plan? A random sample of 300 U.S. adults was selected. Each member of the sample was identified as a no-college degree( high school) graduate (or not) and as having a 401-k retirement saving account. The table displays the data. Suppose we choose a member of the sample at random. No college Degree College Degree Total Has a 401K plan Yes 71 132 203 No 43 54 97 Total 114 186 300 f. Find the probability that the member has no college degree? g. Find the probability that the member has a college degree and has a 401K retirement saving plan. h. Find the probability that the member has a college degree or has a 401K retirement saving plan. i. Find the probability that the member has no college degree and has a 401K retirement saving plan. j. Find the P(Has 401K saving plan| no college degree)= k. If two members were chosen, what is the probability that both have college degree

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Elementary Differential Geometry

Authors: Christian Bar

1st Edition

051173123X, 9780511731235

More Books

Students also viewed these Mathematics questions