QUESTION IMAGE
Question
a survey of 685 people showed that 433 had a group health insurance plan where they worked. based on this survey, what is the empirical probability that an employee has a group health insurance plan? write the answer as a percent rounded to the nearest tenth.
Step1: Recall the formula for empirical probability
Empirical probability \(P=\frac{\text{Number of favorable outcomes}}{\text{Total number of outcomes}}\). Here, the number of favorable outcomes (people with group health insurance) is \(n = 433\), and the total number of outcomes (total people surveyed) is \(N=685\). So, \(P=\frac{433}{685}\).
Step2: Calculate the decimal value
\(\frac{433}{685}\approx0.632117\).
Step3: Convert the decimal to a percentage
To convert a decimal to a percentage, multiply by \(100\). So, \(0.632117\times100 = 63.2117\%\).
Step4: Round to the nearest tenth
Rounding \(63.2117\%\) to the nearest tenth. Look at the second - decimal digit (1). Since \(1\lt5\), we keep the first - decimal digit as it is.
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\(63.2\%\)