Question

The accompanying table shows the results of a survey in which 250 mail and 250 female workers ages 25 to 64 or asked if they contribute to retirement savings plan at work find the probability that a randomly selected worker contribute to a retirement savings plan at work given the worker is male

Answer 1

The answer to your question is, 0.484

Explanation:

The actual chances of an event occurring are defined by a probability. Probability has several uses in games, and in business to create probability-based forecasts which bascially how it works.

Lets graph it out:

Let A signify that the selected employee participates to a workplace retirement savings plan. Let P stand for the male employes.

P(A∩P) the intersection of male & female.

P(A\P) is the probability that a randomly picked worker participates to a workplace retirement savings plan is the option male

The probability that a randomly selected worker contributes to a retirement savings plan at work is male is found in this formula :

P(A\P)=P(A∩P)/A(P)

P(A\P)=(121/500)/(250/500)

P(A\P)=0.484

Thus, the probability that a randomly selected worker contributes to a retirement savings plan at work that is male will be,

0.484.