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Probability of Adults Owning Stocks

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A study for McNeil Associates for the NYSE revealed that 43% of all US Adults are stockholders. In addition the study determined that 75% of all US adult stockholders have some college education. Suppose 37% of all US adults have some college education. A US adult is randomly selected.

a. What is the probability that the adult does not own stock?
b. What is the probability that the adult owns stock and has some college education?
c. What is the probability that the adult owns stock or has some college education?
d. What is the probability that the adult has neither some college education nor owns stock?
e. What is the probability that the adult does not own stock or has no college education?
f. What is the probability that the adult has some college education and owns no stock?

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Solution Summary

The probability of adults owning stocks is determined.

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