please help me with this and do solutions please According to a PEW Research Cen
ID: 3073695 • Letter: P
Question
please help me with this and do solutions please
According to a PEW Research Center, 55% of the people studied were Millennials whereas the other 45% were Gen X-ers (that is me). Of the Millennials, 35% completed a Bachelor's degree or more. Ofthe Gen X-ers, only 30% completed a Bachelor's degree or more. Use this information to answer the following three questions: a. What is the probability that a randomly selected individual is a Millennial and has completed a Bachelor's degree or 4. better? ANS b. What is the probability that a randomly selected individual has a Bachelor's degree of better? ANS What is the probability that a randomly selected individual is a Gen-X'er given that they have a Bachelor's degree or better? ANS:Explanation / Answer
a)
P(Millennial and completed Bachelor's degree or better)
=P(Millennial)*P(completed Bachelor's degree or better|Millennial)=0.55*0.35 =0.1925
b)
P(Bachelor's degree or better) =P(Millennial and completed Bachelor's degree or better) +P(Gen'X ;s and completed Bachelor's degree or better)
=0.55*0.35+0.45*0.30=0.3275
c)
P(Gen-X's| completed Bachelor's degree or better)
=P(Gen'X ;s and completed Bachelor's degree or better) /P( Bachelor's degree or better)
=0.135/0.3275 =0.4122
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