In article about investment alternatives

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In an article about investment alternatives, 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 18 - 64 age group accounts for 83.5% of the adult population (Statistical Abstract of the United States, 2008).

a. Given that an adult takes prescription drugs regularly, what is the probability that the adult is age 65 or older? If required, round your answer to four decimal places.

Reference no: EM132277052

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