Problem regarding the employee benefits

Reference no: EM131009001

Employee benefits

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

a) What's the probability that the worker has neither employer sponsored health insurance nor a retirement plan?

b) What's the probability that the worker has health insurance if they have a retirement plan?

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

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

Reference no: EM131009001

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