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
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ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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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.
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