17.07.2022 - 05:25

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 |Non-

Question:

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 Non-college Graduate 2030 890 College Graduate 380 700

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. 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 | {eq}A^c {/eq}) = Answers (1) • April 1, 2023 в 14:46 P(A) = (380+700)/(2030+890+380+700) = 0.2857 Explanation: We add up the number of employees who are college graduates (380+700) and divide by the total number of employees (2030+890+380+700). P(B) = (890+700)/(2030+890+380+700) = 0.3851 Explanation: We add up the number of employees who make more than$60,000 (890+700) and divide by the total number of employees (2030+890+380+700). P(A ? B) = 700/(2030+890+380+700) = 0.1613 Explanation: We look at the number of employees who are college graduates and make more than $60,000 (700) and divide by the total number of employees (2030+890+380+700). P(B | A) = 700/(380+700) = 0.6486 Explanation: We look at the number of college graduates who make more than$60,000 (700) and divide by the number of college graduates (380+700). P(B | A') = 890/(2030+890-380-700) = 0.5432 Explanation: We look at the number of employees who make more than $60,000 and are not college graduates (890) and divide by the total number of non-college graduates (2030+890-380-700). Do you know the answer? Not sure about the answer? Find the right answer to the question 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 |Non- by subject Math, and if there is no answer or no one has given the right answer, then use the search and try to find the answer among similar questions.
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