Compute the probability that earns more in a year/ Econometrics
A corporation has 15,000 employees. Sixty-two percent of the employees are male. Twenty-three percent of the employees earn more than $30,000 a year. Eighteen percent of the employees are male and earn more than $30,000 a year.
d. If an employee is taken at random, what is the probability that the employee is male or earns more than $30,000 a year or both?
e.The employee taken at random turns out to be male. Compute the probability that he earns more than $30,000 a year.
f. Are being male and earning more than $30,000 a year independent?
