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Mathematics, 04.07.2020 02:01 mbonham481
Call a household prosperous if its income exceeds $100,000. Call the household educated if the householder completed college. Let A be the event that a random household is prosperous and B the event that it is educated. According to the Current Population Survey P(A) = 0.138, P(B) = 0.216, and the probability that a household is both prosperous and educated is:
P(A ⋂ B) = 0.082
Required:
What is the probability P(A ⋃ B) that the household selected is either prosperous or educated?
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Call a household prosperous if its income exceeds $100,000. Call the household educated if the house...
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