Question: a For each Question, TRANSLATE all given probabilities in probability notation! Use the following information to answer questions 13: Given an employee is under 40


a For each Question, TRANSLATE all given probabilities in probability notation! Use the following information to answer questions 13: Given an employee is under 40 years of age, they have a 28% chance of having an individual retirement plan (IRA). If an employee is 40 or older, they have a 43% chance of having an individual retirement plan (IRA). Currently the workforce is composed of 56% of people who are under 40 years of age. Let A be the event that an employee is under 40 and B be the event that an employee has an IRA. If you use your own event notation, dene your events below. Given Probabilities: P( ) = .28 P( ) = .43 P( ) = .56 1. Clearly draw and label a tree diagram for this scenario using the correction probability notation and the numerical values. _ ,P( ) /P( ) ' P( ) P( )\\ _ P( ) > P( ) Pl ) P( )/ _ >P( ) 2. Clearly draw and label a contingency table for the data above
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