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 \| A^c)	=

(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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