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 1990840College Graduate410760Let 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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Answered: The personnel department of Franklin…

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	1990	840
College Graduate	410	760

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 \| A^c)	=

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