What is the probability a randomly selected 30-year-old in 1970 earned more than his or her parents at age 30? the probability is Round to four decimal places as needed.) ) What is the probability that two randomly selected 30-year-olds in 1970 earned more than their parents at age 30? he probability is Round to four decimal places as needed.) c) What is the probability that out of ten randomly selected 30-year-olds in 1970, at least one did not earn more than his or her parents at age 30? The probability is Round to four decimal places as needed) d) What is the probability that out of ten randomly selected 30-year-olds in 2014, at least one did not earn more than his or her parents at age 30? The probability is Round to four decimal places as needed)

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 11ECP: A manufacturer has determined that a machine averages one faulty unit for every 500 it produces....
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In 1970, 80% of 30-year-olds in a country earned more than their parents did at age 30 (adjusted for inflation). In 2014, only 52% of 30-year-olds in the same country earned more than their parents did at age 30. Complete parts a to d below.
(a) What is the probability a randomly selected 30-year-old in 1970 earned more than his or her parents at age 30?
The probability is
(Round to four decimal places as needed.)
(b) What is the probability that two randomly selected 30-year-olds in 1970 earned more than their parents at age 30?
The probability is
(Round to four decimal places as needed.)
(c) What is the probability that out of ten randomly selected 30-year-olds in 1970, at least one did not earn more than his or her parents at age 30?
The probability is
(Round to four decimal places as needed.)
(d) What is the probability that out of ten randomly selected 30-year-olds in 2014, at least one did not earn more than his or her parents at age 30?
The probability is
(Round to four decimal places as needed.)
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Transcribed Image Text:In 1970, 80% of 30-year-olds in a country earned more than their parents did at age 30 (adjusted for inflation). In 2014, only 52% of 30-year-olds in the same country earned more than their parents did at age 30. Complete parts a to d below. (a) What is the probability a randomly selected 30-year-old in 1970 earned more than his or her parents at age 30? The probability is (Round to four decimal places as needed.) (b) What is the probability that two randomly selected 30-year-olds in 1970 earned more than their parents at age 30? The probability is (Round to four decimal places as needed.) (c) What is the probability that out of ten randomly selected 30-year-olds in 1970, at least one did not earn more than his or her parents at age 30? The probability is (Round to four decimal places as needed.) (d) What is the probability that out of ten randomly selected 30-year-olds in 2014, at least one did not earn more than his or her parents at age 30? The probability is (Round to four decimal places as needed.) H Type here to search O lipi # U@ ||$ [% + 8 9 O 64°F Cloudy = delete backspace
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