The next table summarizes the age distribution for a company's employees. Each probability is the likelihood that

Question:

The next table summarizes the age for a company's employees. Each probability is the likelihood that a randomly selected employee is in the specified age group.
(a) Convert this data into a probability with outcomes 20-34 years, 35-49 years, 50-64 years, and 65-79 years.
(b) What is the probability that an employee selected at random is at least 50 years old?
Age (years) ________________ Probability
20-34 .................................. .15
20-49 .................................. .70
20-64 .................................. .90
20-79 .................................... 1
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...