Ink Inc., a publishing firm, offers its 899 employees a cafeteria approach to benefits, in which employees can enroll in the benefit plan of their choice. Seven hundred fifteen employees have health insurance, 524 have dental insurance, and 482 have both health and dental insurance. (Enter your answers as fractions.) (a) What is the probability that one of the employees has either health or dental insurance? (b) What is the probability that one of the employees has health insurance but not dental insurance?
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
Ink Inc., a publishing firm, offers its 899 employees a cafeteria approach to benefits, in which employees can enroll in the benefit plan of their choice. Seven hundred fifteen employees have health insurance, 524 have dental insurance, and 482 have both health and dental insurance. (Enter your answers as fractions.)
(b) What is the probability that one of the employees has health insurance but not dental insurance?
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