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March 27, 2015

Homework Help: Math HELPPP

Posted by Bill on Tuesday, October 16, 2012 at 5:20pm.

In a survey of 2000 adults 50 years and older of whom 40% were retired and 60% were pre-retired, the following question was asked: Do you expect your income needs to vary from year to year in retirement? Of those who were retired, 33% answered no, and 67% answered yes. Of those who were pre-retired, 32% answered no, and 68% answered yes. If a respondent in the survey was selected at random and had answered yes to the question, what is the probability that he or she was retired? (Round your answer to three decimal places).

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