According to the U.S. Census Bureau, 19.1% of U.S. households are in the Northeast. In addition, 4.4% of U.S. households earn $75,000 per year or more and are located in the Northeast. Determine the probability that a randomly selected U.S. household earns more than $75,000 per year, given that the household is located in the Northeast.
According to the U.S. Census Bureau, 19.1% of U.S. households are in the Northeast. In addition, 4.4% of U.S. households earn $75,000 per year or more and are located in the Northeast. Determine the probability that a randomly selected U.S. household earns more than $75,000 per year, given that the household is located in the Northeast.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Question
According to the U.S. Census Bureau, 19.1% of U.S. households are in
the Northeast. In addition, 4.4% of U.S. households earn $75,000 per year or more and are
located in the Northeast. Determine the
earns more than $75,000 per year, given that the household is located in the Northeast.
Expert Solution
Step 1
Introduction:
Denote A as the event that a household in the country earns $75,000 per year or more, and B as the event that a household is located in the Northeast.
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