The personnel department of Franklin National Life Insurance compiled the accompanying data regarding the income and education
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Question:
The personnel department of Franklin National Life Insurance compiled the accompanying data regarding the income and education of its employees.
Income $60,000 or Below | Income Above $60,000 | |
Noncollege Graduate | 1920 | 890 |
College Graduate | 410 | 780 |
Let A be the event that a randomly chosen employee has a college degree, and let B be the event that the chosen employee's income is more than $60,000.
(a) Find each of the following probabilities. (Round your answers to four decimal places.)
P(A) | = |
P(B) | = |
P(AB) | = |
P(B|A) | = |
P(B|Ac) | = |
Related Book For
Basic Business Statistics Concepts And Applications
ISBN: 9780132168380
12th Edition
Authors: Mark L. Berenson, David M. Levine, Timothy C. Krehbiel
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