Question

The results of a census of 2,500 employees of a mid-sized company with 401(k) retirement accounts are as follows:


Account Balance (to nearest $) Male Female
$25,000 635 495
$25,000-$49,999 185 210
$50,000-$99,999 515 260
$100,000 155 45

Suppose researchers are going to sample employees from the company for further study.

Compute the probability that a randomly selected employee will be a female with an account balance between $50,000 and $99,999.

A) 0.1580

B) 0.1040

C) 0.6160

D) 0.4040

Answer

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