Question: A large insurance company is interested in studying the insurance policies held by married couples. In particular, the insurance company is interested in the amount of insurance held by the husbands and the wives. The insurance company collected data for

all its policies where both the husband and wife are insured. The results are summarized in the following table.

Use the information from the table to answer the following problem:

1. the probability that the husband has more than $150,000 in life insurance GIVEN that the wife has between $100,000 and $150,000 in life insurance.
2. the probability that the husband has $150,000 or less in life insurance GIVEN that the wife has between $0 and $50,000 in life insurance.
3. the probability that the wife has more than $150,000 in life insurance GIVEN that the husband has between $0 and $50,000 in life insurance.
4. the probability that the wife has more than $150,000 in life insurance GIVEN that the husband has more than $150,000 in life insurance.

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Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document