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## Statistics

Describe the probability that the household selected is either prosperous or educated

Call a household wealthy if its income exceeds \$100,000 and Call the household educated if the householder completed college. Choice an American household at random and let A be the event that the selected household is prosperous as well as B the event that it is educated. According to the Current Population Survey, P (A) = 0.138, P (B) = 0.261 as well as the probability that a household is both prosperous as well as educated is P (A and B) = 0.082. describe what is the probability P (A or B) that the household selected is either prosperous or educated?

Statistics and Probability, Statistics

• Category:- Statistics and Probability
• Reference No.:- M919397

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