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 1950
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 1950
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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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 | 1950 | 880 |
College Graduate | 420 | 750 |
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) |
=
|
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