Benefits fifty-six percent of all american workers have a


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

a) What's the probability he has neither employersponsored health insurance nor a retirement plan?

b) What's the probability he has health insurance if he has a retirement plan?

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

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

Solution Preview :

Prepared by a verified Expert
Basic Statistics: Benefits fifty-six percent of all american workers have a
Reference No:- TGS02443233

Now Priced at $15 (50% Discount)

Recommended (91%)

Rated (4.3/5)