According to the 2013 March Supplement Survey, 22.3% of U.S. households are in the Midwest. In addition, 9.6% of households earn $75,000 or more per year and are located in the Midwest. Determine the probability that a randomly selected American household earns $75,000 or more per year, given that the house is located in the Midwest.

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
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Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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According to the 2013 March Supplement Survey, 22.3% of U.S. households are in the Midwest. In addition, 9.6% of households earn $75,000 or more per year and are located in the Midwest. Determine the probability that a randomly selected American household earns $75,000 or more per year, given that the house is located in the Midwest.

 

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