Are having given two benefits mutually exclusive

Reference no: EM131417776

Benefits

Fifty-six percent of all American workers have a workplace retirement plan, 68% have health insurance, and 49% have both benefits. We select a worker at random.

a) What's the probability he has neither employersponsored health insurance nor a retirement plan?

b) What's the probability he has health insurance if he has a retirement plan?

c) Are having health insurance and a retirement plan independent events? Explain.

d) Are having these two benefits mutually exclusive? Explain.

Reference no: EM131417776

Questions Cloud

Problem regarding the different style of management : Q1. Compare the laissez - faire and autocratic management styles, referring to two characteristics of each style in your answer. Q2. Simon Jones uses an autocratic management style. Recommend and justify a different style of management that Simon J..

Find the probability of each outcome : Find the probability of each outcome.- The first two you choose are both good.- At least one of the first three works.- The first four you pick all work.

Find the probability of each event described : Find the probability of each event described.- The first two you grab are the wrong sizes.- The first medium shirt you find is the third one you check.

What percent of the junior biology majors are ineligible : What percent of the junior Biology majors are ineligible for BioResearch?- What's the probability that a junior Biology major who has taken Statistics has also taken a computer course?

Are having given two benefits mutually exclusive : What's the probability he has neither employersponsored health insurance nor a retirement plan?- What's the probability he has health insurance if he has a retirement plan?

What are the fixed costs-variable costs : What are the fixed costs, variable costs and sales price? How many units do you need to sell to have a cash flow of $0. Perform a sensitivity analysis to analyze how the BEP will change under different conditions.

Discuss the pros and cons of black institutions : Discuss the pros and cons of black institutions accepting white philanthropy during the late 1700/early 1800s

Impact on the implementation of the business plan : 1. Sphere of influence is complete, thoroughly discussed, and includes details to support the influence within the organization. 2. Impact on the implementation of the business plan is complete, thoroughly discussed, and includes details to support..

What is probability that a home for sale has pool or garage : What is the probability that a home for sale has a pool or a garage?- neither a pool nor a garage?- a pool but no garage?

User Account

All Pages