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).

## Answer This Question

## Related Questions

- Finance - You are now 30 years old. You plan to retire in 30 years, and expect ...
- English - 1. Thanks to his father, he succeded in his business. Instead of '...
- finance - Suppose that you are 25 years old and you have two options to save ...
- psychology - 1. A recent study confirms that people who run regularly, live ...
- Math: Finance - Need help solving these finance questions? PV = C/r PV= C/r-g P...
- Finance - You want to be able to withdraw $25,000 from your account each year ...
- Finance - Your client is 40 years old and she wants to begin saving for ...
- FINANCE - Sir wants to save money to meet 3 goals. He would like to retire 30 ...
- finance - company starting salary 75,000 retirement benefits 401k with annual ...
- statistics - Gallup News Service conducted a survey of 1,006 American adults ...

More Related Questions