Refer to Exercise 6.85. An American under 40 tells you that he has student debt. What is

Question:

Refer to Exercise 6.85. An American under 40 tells you that he has student debt. What is the probability that he is managerial or professional?

In exercise 6.85

How many Americans under the age of 40 have student debts? A Pew Research Center attempted to answer the question by asking whether respondents had student debt and in what was their occupation.

The following probabilities were determined.

Has Student Proportion (%) Occupation Debt (%) Managerial/ 32 45 Professional Technical, Sales, 15 39 or Services Other

Calculate the probability that a randomly selected respondent has student debt.

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Statistics For Management And Economics

ISBN: 9781337093453

11th Edition

Authors: Gerald Keller

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Question Posted: May 22, 2018 11:48 PM

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Refer to Exercise 6.85. An American under 40 tells you that he has student debt. What is

Question:

Has Student Proportion (%) Occupation Debt (%) Managerial/ 32 45 Professional Technical, Sales, 15 39 or Services Other 53 27

Step by Step Answer:

PManagerialProfessiona...View the full answer

Statistics For Management And Economics

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