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 36% offer both retirement plans and life insurance as benefits. If a small company is randomly selected, determine the following probabilties:
*(Round your answers to 4 decimal
places.)
**(Round your answers to 2 decimal
places.)
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.*
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