takeAO Chapter 4 Honework Ass print Score: AD% Exercise 04.37 Check ty Work (a r

Question

takeAO Chapter 4 Honework Ass print Score: AD% Exercise 04.37 Check ty Work (a remaining magazine and Yahool ound The survey also found that 33% of American workers say they plan to retire early and 67% say they plan to wait and retre at age es st American workrs say that if they could do it al over aqain, they would choose a different career ( A joint survey by Parade the following olnt probability table applies Excel File: data04-37 that 59% of workers (USA today or dider. Assume that Retire Early 21 a. What is the srobablity a worker would select the same career (to 2 declmala)? b. What is the probability a worker whe would sellect the same career plans to retire early 0h 4 decimals)? is the probablity a worker sho would select a different career plans to retire early ( 4 decimals what do the condtional probabites in parts (b) and te) suppest abest the reasons workers say they would sefect the same caree Esercise 043

Explanation / Answer

a) P(Same career) = 0.41

b) P(Retire early | Same career) = 0.20/0.41 = 0.4878

c) P(Retire early | Different career) = 0.13/0.59 = 0.2203

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