Question

A joint survey by Parade magazine and Yahoo found that 59% of American workers say that if they could do it all over again, they would choose a different career (USA today, September 24, 2012). The survey also found that 33% of American workers say they plan to retire early and 67% say they plan to wait and retire at age 65 or older. Assume that the following joint probability table applies.


a. What is the probability a worker would select the same career?
b. What is the probability a worker who would select the same career plans to retire early?
c. What is the probability a worker who would select a different career plans to retire early?
d. What do the conditional probabilities in parts (b) and (c) suggest about the reasons workers say they would select the samecareer?


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  • CreatedFebruary 16, 2015
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