Financial experts say retirement accounts are one of the best tools for saving and investing for the future. Are millennials and Gen Xers financially prepared for the future? A survey of adults in a particular country conducted by INSIDER and Morning Consult revealed the results in the accompanying table. Complete parts (a) through (d) below. E Click the icon to view the table. a. Given that the adult has a retirement savings account, what is the probability that the adult is a millennial? (Round to four decimal places as needed.) b. Given that the adult is a millennial, what is the probability that the adult has a retirement savings account? Data Table (Round to four decimal places as needed.) c. Explain the difference in the results in (a) and (b). HAS A RETIREMENT SAVINGS ACCOUNT O A. Part (a) is a conditional probability while part (b) is a general probability. AGE GROUP Yes No O B. The numerator and denominator of the probability is reversed. Millennials 574 629 Gen Xer 606 533 O C. The conditional events are reversed. O D. There is no difference in the results in (a) and (b). Drint

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