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Academic response to ProbabilityConsider a population of 2000 individuals, 800 of whom are woman. Assume that 300 of the woman in this population earn at least $60,000 per year, and 200 of the men earn at least $60,000 per year.
1. What is the probability that a randomly selected individual from this population earns less than $60,000 per year?
2. If a randomly selected individual is observed to earn less than $60,000 per year, what is the probability that this person is a man?
3. If a randomly selected individual is observed to earn at least $60,000 per year, what is the probability that this person is a woman?
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Important information about Normal Probability, Confidence Interval & Sample Size, These are some of the questions I've run into and need help for. I'm unable to solve some of these problems. I'm studying for my final next week and I'm preparing f..
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