Question

In: Statistics and Probability

The personnel department of Franklin National Life Insurance compiled the accompanying data regarding the income and...

The personnel department of Franklin National Life Insurance compiled the accompanying data regarding the income and education of its employees.

Income
    $60,000 or Below    		 Income
    Above $60,000    
Noncollege Graduate     2040 870
College Graduate 380 710

Let A be the event that a randomly chosen employee has a college degree, and let B be the event that the chosen employee's income is more than $60,000.

(a) Find each of the following probabilities. (Round your answers to four decimal places.)

P(A) =
P(B) =
P(A  B) =
P(B | A) =
P(B | Ac) =


(b) Are the events A and B independent events?

Solutions

Expert Solution

One of the parts was unclear so I have done it two ways

Let me know if it's ok or if it's something else I'll update it.

orchestra answered 1 year ago
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