Does education improve your chances of being employed? The following table provi

Question

Does education improve your chances of being employed? The following table provides data on the educational attainment and employment status of the U.S. population, 25 years of age and older, in the labor force as of October 2012. The data is in thousands of people. (Source: Bureau of Labor Statistics.) What is the probability that a randomly selected person: a. Is unemployed? b. Is unemployed given that he/she has less than a high school diploma? c. Are the events "unemployed" and "less than a high school diploma" independent? d. Is unemployed given that he/she is a high school graduate with no college education? e. Is unemployed given that he/she has some college education or an associate degree? f. Is unemployed given that he/she has at least a bachelor's degree?

Explanation / Answer

a) probability =8879/134492=0.0660

b)=1377/11263=0.1223

c)No as P(unemplyed|less then high school) is not equal to P(unemplyed)

d)=3076/36778=0.0836

e)=2599/37775=0.0688

f)=1827/48676=0.0375

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