Question: ----------------------------------- Problem 46E: Chapter: CH6 Problem: 46E The decision about where to build a new plant is a major one for most companies. One of
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Problem 46E: Chapter: CH6 Problem: 46E The decision about where to build a new plant is a major one for most companies. One of the factors that is often considered is the education level of the location's residents. Census information may be useful in this regard. After analyzing a recent census, a company produced the following joint probabilities: Region Education Northeast Midwest South West Not a high school graduate 021 .022 .053 .032 High school Graduate .062 .075 .118 058 Some college, no degree .024 .038 .062 .044 Associate's degree 015 022 032 .022 Bachelor's degree .038 040 .067 1.050 Advanced degree 024 .021 036 1.025 Source: Statistical Abstract of the United States, 2012, Table 231. a. Determine the probability that a person living in the West has a bachelor's degree. b. Find the probability that a high school graduate lives in the Northeast. c. What is the probability that a person selected at random lives in the South? d. What is the probability that a person selected at random does not live in the South
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