Question

2.The probability that an individual without a college education earns more than $100,000 is 0.4, whereas...

2.The probability that an individual without a college education earns more than $100,000 is 0.4, whereas the probability that a person with a B.S. or higher degree earns more than $100,000 is 0.8. The probability that a person chosen at random has a B.S. degree is 0.6. What is the probability that a person has at least a B.S. degree if it is known that he or she earns more than $100,000? (Round your answer to four decimal places.)?

Math   Statistics-And-Probability   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
2.The probability that an individual without a college education earns more than $100,000 is 0.4, whereas...
2.The probability that an individual without a college education earns more than $100,000 is 0.4, whereas the probability that a person with a B.S. or higher degree earns more than $100,000 is 0.8. The probability that a person chosen at random has a B.S. degree is 0.6. What is the probability that a person has at least a B.S. degree if it is known that he or she earns more than $100,000? (Round your answer to four decimal places.)?
The probability that an individual without a college education earns more than $100,000 is 0.4, whereas...
The probability that an individual without a college education earns more than $100,000 is 0.4, whereas the probability that a person with a B.S. or higher degree earns more than $100,000 is 0.6. The probability that a person chosen at random has a B.S. degree is 0.3. What is the probability that a person has at least a B.S. degree if it is known that he or she earns more than $100,000? (Round your answer to four decimal places.)
Assignment 2 1. Assume that you have two biased coins and one fair coin. One of...
Assignment 2 1. Assume that you have two biased coins and one fair coin. One of the biased coins are two tailed and the second biased one comes tails 25 percent of the time. A coin is selected randomly and flipped. What is the probability that the flipped coin will come up tail? 2. One white ball, one black ball, and two yellow balls are placed in a bucket. Two balls are drawn simultaneously from the bucket. You are given...
1.A jar contains 3 pennies, 8 nickels and 6 dimes. A child selects 2 coins at...
1.A jar contains 3 pennies, 8 nickels and 6 dimes. A child selects 2 coins at random without replacement from the jar. Let X represent the amount in cents of the selected coins. Find the probability X = 10.      Find the probability X = 11.      Find the expected value of X. 2.Assume that z-scores are normally distributed with a mean of 0 and a standard deviation of 1. If P(z>d)=0.9434P(z>d)=0.9434, find d. 3.A company produces steel rods. The lengths of...
MATH220 Lab04 Due Date: See ACE Excel File: Lab2204-182.xlsx 1 Question 1: (by hand) A retail...
MATH220 Lab04 Due Date: See ACE Excel File: Lab2204-182.xlsx 1 Question 1: (by hand) A retail establishment accepts either the American Express card or the VISA credit card. A total of 30% of its customers carry an American Express card, 70% carry a VISA card, and 20% carry both. a) Find the probability that a randomly selected customer carries at least one of the two credit cards. i) Draw a Venn diagram and shade the region corresponding to at least...
1. A random number generator is used to select a number from 1 to 500 ?(inclusively)....
1. A random number generator is used to select a number from 1 to 500 ?(inclusively). What is the probability of selecting the number 595 ? What is the probability? 2.Identify the sample space of the probability experiment and determine the number of outcomes in the sample space. -Randomly choosing an even number between 10 and 20, inclusive The sample space is? (Use a comma to separate answers) There are _____ outcomes in the sample space 3. Determine the number...
To complete this Individual Preparation assignment, answer the following questions related to this week’s two cases....
To complete this Individual Preparation assignment, answer the following questions related to this week’s two cases. Each answer should be no more than 1-2 sentences. 1. According to their MELD scores, which patient is the worst-off (in the most need), and which patient can wait the longest for a transplant? Explain. 2. Given the criteria for assessing post-transplant success, such as the patient’s lifestyle choices and support system, which patient has the highest likelihood of success, and which patient has...
1.A fair die is rolled once, and the number score is noted. Let the random variable...
1.A fair die is rolled once, and the number score is noted. Let the random variable X be twice this score. Define the variable Y to be zero if an odd number appears and X otherwise. By finding the probability mass function in each case, find the expectation of the following random variables: Please answer to 3 decimal places. Part a)X Part b)Y Part c)X+Y Part d)XY ——- 2.To examine the effectiveness of its four annual advertising promotions, a mail...
1. What are the requirements for successful price discrimination? Does this type of dry cleaning qualify?...
1. What are the requirements for successful price discrimination? Does this type of dry cleaning qualify? 2. What are other examples of price discrimination? 3. The effectiveness of price discrimination is a different question than whether businesses should be able to discriminate by price. Is this an issue that deserves regulation, or is it best left to the market? Why Women Pay More From dry cleaning to haircuts, women often pay more than men due to gender pricing. Find out...
In 100 words state if you agree or disagree with the summary given for the Scenario....
In 100 words state if you agree or disagree with the summary given for the Scenario. PLEASE reframe from using Overuse of ambiguous terms such as it, this, and they should not be used. Scenario Part 1: Workplace unrest Environment: You are the Director of a team of employees that do various PA duties. The team consists of 15 employees that are assigned duties in different building locations and collocated with other PA personnel from other directorates in a matrix...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT