Sixty-eight percent of all American workers have a workplace retirement plan, 91% have health insurance, and 63% have both benefits. a. If we select a worker at random, what is the probability that the worker has either employer- sponsored health insurance or a retirement plan? b. If we select a worker at random, what is the probability that the worker has heather insurance if they have a retirement plan? C. Are having these two benefits mutually exclusive? Explain. d. Are having health insurance and a retirement plan independent? Explain.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
Sixty-eight percent of all American workers have a workplace retirement plan, 91% have health
insurance, and 63% have both benefits.
a. If we select a worker at random, what is the probability that the worker has either employer-
sponsored health insurance or a retirement plan?
b. If we select a worker at random, what is the probability that the worker has heather insurance if
they have a retirement plan?
C. Are having these two benefits mutually exclusive? Explain.
d. Are having health insurance and a retirement plan independent? Explain.
Transcribed Image Text:Sixty-eight percent of all American workers have a workplace retirement plan, 91% have health insurance, and 63% have both benefits. a. If we select a worker at random, what is the probability that the worker has either employer- sponsored health insurance or a retirement plan? b. If we select a worker at random, what is the probability that the worker has heather insurance if they have a retirement plan? C. Are having these two benefits mutually exclusive? Explain. d. Are having health insurance and a retirement plan independent? Explain.
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman