Maurice Tutor

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Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 30 Nov 2017 My Price 4.00

prescription drugs

45.      In an article about investment alternatives, Money magazine reported that drug stocks pro- vide a potential for long-term growth, with over 50% of the adult population of the United States taking prescription drugs on a regular basis. For adults age 65 and older, 82% take prescription drugs regularly. For adults age 18 to 64, 49% take prescription drugs regularly. The 18–64 age group accounts for 83.5% of the adult population (Statistical Abstract of the United States, 2008 ).

a.       What is the probability that a randomly selected adult is 65 or older?

b.       Given that an adult takes prescription drugs regularly, what is the probability that the adult is 65 or older?

 

Answers

Maurice Tutor
(5)
Status NEW Posted 30 Nov 2017 10:11 PM My Price 4.00

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