Chapter 12, Problem 66E

Benefits Fifty-six percent of all American workers have a workplace retirement plan, 68% have health insurance, and 49% have both benefits. We select a worker at random.

1. a) What’s the probability he has neither employer-sponsored health insurance nor a retirement plan?
2. b) What’s the probability he has health insurance if he has a retirement plan?
3. c) Are having health insurance and a retirement plan independent events? Explain.
4. d) Are having these two benefits mutually exclusive? Explain.