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.