Article about investment alternative

Reference no: EM13322001

In a article about investment alternative. Money magazine reported that drug stocks provide a potential for long-term growth, with over 50% of the adult population of the United States taking prescription drugs on a regular basis. For adults age 65 and older, 82% take prescription drugs regularly. For adults age 18 to 64, 49% take prescription drugs regularly. The age 18-64 age group account for 83.5% of adult population (Statistical Abstract of the United States, 2008).

A) What is the probability that a randomly selected adult is 65 or older?

B) Given an adult takes prescription drugs regularly, what is the probability that the adult is 65 or older?

Reference no: EM13322001

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