Random selection of company-determining probability

Assignment Help Basic Statistics

Reference no: EM1387236

The U.S. Bureau of Labor Statistics publishes data on the benefits offered by small companies to their employees. Only 42% offer retirement plans while 61% offer life insurance. Suppose 31% offer both retirement plans and life insurance as benefits. If a small company is randomly selected, determine the following probabilties:

a. The company offers a retirement plan given that they offer life insurance.

b. The company offers life insurance given that they offer a retirement plan.

c. The company offers life insurance or a retirement plan.

d. The company offers a retirement plan and does not offer life insurance.

e. The company does not offer life insurance if it is known that they offer a retirement plan.

Reference no: EM1387236

Questions Cloud

Complimentary base pairing in dna replication : Explain the role of double helix in complimentary base pairing in DNA replication. What does it mean when we say that the two strands of DNA in the double helix are antiparallel?

Compare the information you found with the information : Compare the information you found with the information in the text. Answer the following question with supporting references

Illustrate out the term human consciousness : Illustrate out the term human consciousness? How is this central feature of our existence related to the natural functions of our physical bodies?

Php code to add new product and delete existing product : PHP Code to add the new product and delete existing product. Execute AJAX Programming based solutions to write a code to: Add the new product to the database.

Random selection of company-determining probability : Suppose 31% offer both retirement plans and life insurance as benefits. If a small company is randomly selected, determine the following probabilties:

Examples of disruptive selection : Determine which of the following is examples of disruptive selection and which of the following describes balancing selection.

Do you need to work for companies which make such charges : Do you believe which every customer pays hidden or unanticipated charges for the things which they buy? High rate of interest on unpaid balances; Yearly membership fees; Service charges; Are such charges ethical? Do you need to work for companies ..

Classification of kinds of dualism : Is there any interdependence between the clasification of the kinds of dualism according to mind-body causal relationship and that according to the ontic category membership of mental phenomena?

Nature of plato dualism : Critically discuss the nature of Plato's "dualism." Why is it a "reality" that we need to consider in terms of philosophical discovery, logical debate, and growth as human beings?

User Account

All Pages