Give genuine correct answers . A survey provided the data for the contingency ta

Question

Give genuine correct answers

. A survey provided the data for the contingency table below showing the number of university students with student loan debt and the number of degrees earned. Educational Deerees carned Les than Bachl Arount of tudrt Lon Dsro Backalos Dor or Hiakar 5n0 100 51 up to 510,00 510,0 er msro 200 2,400 Tota's 5.000 Of all the students in yeur survey, what is the percentage with no student losn debt and at least a achelor's Degree? Of the students still working on their Vachelor's Dogree, what percentspe hes no student loon debt?

Explanation / Answer

Less than Bachelor

Bachelor degree or higher

Total

None

500

100

600

1 to 10000

1200

300

1500

10000 or more

900

2000

2900

Total

2600

2400

5000

Question 1)

P (no student loan and at least a Bachelor’s degree) = 100 / 5000 = 0.02

Answer: 0.02

Question 2)

P (no loan debt || still working on their Bachelors) = 500 / 2600 = 0.1923

Answer: 0.1923

Less than Bachelor

Bachelor degree or higher

Total

None

500

100

600

1 to 10000

1200

300

1500

10000 or more

900

2000

2900

Total

2600

2400

5000

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