Refer to the information given in Problem 35. A student is selected at random. In Problem a.

Question:

Refer to the information given in Problem 35. A student is selected at random.
In Problem

a. Describe the events L3, T1, and (T1 & L3) in words.
b. Find the probability of each event in part (a), and interpret your answers in terms of percentages.
c. Construct a joint probability distribution corresponding to Table 4.17.
d. Compute P(T1 or L3), using Table 4.17 and the f/N rule.
e. Compute P(T1 or L3), using the general addition rule and your answers from part (b).
f. Compare your answers from parts (d) and (e). Explain any discrepancy.

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...