Probability-randomly chosen employee

Reference no: EM1316090

The personnel department of Franklin National Life Insurance compiled the data below regarding the income and education of its employees.

	Income $50,000 or Below	Income Above $50,000
Non-college Graduate	1960	840
College Graduate	440	760

Let A be the event that a randomly chosen employee has a college degree and B the event that the chosen employee's income is more than $50,000.

(a) Find each of the following probabilities: (Round your answers to four decimal places.)

P(A)	= [ ]
P(A∩B)	= [ ]
P(B \| A)	= [ ]
P(B \| A^c)	= [ ]

(b) Are the events A and B independent events?

Reference no: EM1316090

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