Excluding job benefit coverage, approximately 49% of adults have purchased life insurance. The likelihood that those aged 18 to 24 without life insurance will purchase life insurance in the next year is 15%, and for those aged 25 to 34, it is 26%. (Opinion Research)
a. Find the probability that a randomly selected adult has not purchased life insurance.
b. What is the probability that an adult aged 18 to 24 will purchase life insurance within the next year?
c. Find the probability that a randomly selected adult will be 25 to 34 years old, does not currently have life insurance, and will purchase it within the next year.