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 Noncollege Graduate 2100 820 College Graduate 360 720 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. (a) 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 | Ac) = (b) Are the events A and B independent events?

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 Noncollege Graduate 2100 820 College Graduate 360 720 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. (a) 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 | Ac) = (b) Are the events A and B independent events?

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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	Income $60,000 or Below	Income Above $60,000
Noncollege Graduate	2100	820
College Graduate	360	720

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