Excluding ob benefit coverage, approximately 52% o aged 25 to 34, it is 24%. adu
ID: 3061768 • Letter: E
Question
Excluding ob benefit coverage, approximately 52% o aged 25 to 34, it is 24%. adults have purchased e insurance he kein 0 that hose aged 18 to 24 hou irte insurance will purchase fe nsurance the ex vers is and r se (a) Find the probability that a randomly selected adult has not purchased life insurance. (Give your answer correct to two decimal places.) 48 (b) What is the probability that an adult aged 18 to 24 will purchase life insurance within the next year? (Give your answer correct to two decimal places.) .09 (c) Find the probability that a randomly selected adult will be 25 to 34 years old, does not currently have life insurance, and will purchase it within the next year. (Give your answer correct to two decimal places.) 12Explanation / Answer
A) given 52% have insurance , therefore probability of adult not having insurance = 1-0.52 = 0.48
B) As 48% does not have insurance and 18% of them will purchase insurance so the required probability is 18% of 48% = 48/100 * 18/100 = 0.0864
C)probability of adult 24-35 does not insurance = 24% = 0.12
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