Question: ____________________________________ Problem 45E: Chapter: CH6 Problem: 45E To gauge the relationship between education and unemployment, an economist turned to the U.S. Census from which the
____________________________________

Problem 45E: Chapter: CH6 Problem: 45E To gauge the relationship between education and unemployment, an economist turned to the U.S. Census from which the following table of joint probabilities was produced: Education Employed Unemployed Not a high school graduate 075 .015 High school graduate 257 .035 Some college, no degree 155 .016 Associate's degree .096 .008 Bachelor's degree 211 .012 Advanced degree 118 .004 Source: Statistical Abstract of the United States, 2012, Table 221. a. What is the probability that a high school graduate is unemployed? b. Determine the probability that a randomly selected individual is employed. c. Find the probability that an unemployed person possesses an advanced degree. d. What is the probability that a randomly selected person did not finish high school
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
