EXAMPLE -EXAM-2 Worksheet Name PROBLEM (1): Health Insurance: According to a 201

Question

EXAMPLE -EXAM-2 Worksheet Name PROBLEM (1): Health Insurance: According to a 2010 Census Bureau report, 64% of Americans have private health insurance, 25% have government health insurance (Medicaid, Medicare or Military), and 11% have no health insurance. 7) Estimate the probability that a patient has health insurance. (Put answer in decimal form round to three decimal places) 8) Given that a subject has health insurance, estimate the probability it is private. ( Put answer in decimal form round to three decimal places)

Explanation / Answer

7) from above probability of heath insurance =P(private health insurance+govt. health insurance)

=0.64+0.25 =0.89

8)probability of private insurance given health insurance =0.64/0.89 =0.7191

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