Retire Early Yes No Same Different 20 .13 .21 46 41 59 Career 33 .67

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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A  joint survey by Parade magazine and Yahoo! found that 59% of American workers say that if they could do it all over again, they would choose a different career ( USA Today, September 24, 2012). The survey also found that 33% of American workers say they plan to retire early and 67% say they plan to wait and retire at age 65 or older. Assume that the following joint probability table applies.

a. What is the probability a worker would select the same career? b.What is the probability a worker who would select the same career plans to retire early?

b. What is the probability a worker who would select a different career plans to retire early?

c. What do the conditional probabilities in parts (b) and (c) suggest about the reasons workers say they would select the same career?

Retire Early
Yes
No
Same
Different
20
.13
.21
46
41
59
Career
33
.67
Transcribed Image Text:Retire Early Yes No Same Different 20 .13 .21 46 41 59 Career 33 .67
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