If 3 different households of the 400 are to be chosen at random for a marketing survey, which of the following is closest to the probability that all 3 households chosen had incomes of $50,000 or more in 1999? 0.0001 0.001 0.005 0.015 0.045 If no two households in the community had the same income, and if the greatest household income had the greatest percentile ranking, which of the following could have been the income at the 85th percentile ranking of the 400 household incomes?

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Household Income Profile
of the 400 Households
in a Community in 1999
Household Income
Category
Under $20,000
$20,000 to $29,999
$30,000 to $39,999
$40,000 to $49,999
$50,000 to $99,999
$100,000 to $299,999
$300,000 to $499.999
$500,000 and over
Number of
Households
30
70
90
110
80
10
5
If 3 different households of the 400 are to be chosen at random for a marketing survey, which of the
following is closest to the probability that all 3 households chosen had incomes of $50,000 or more in 1999?
0.0001
0.001
0.005
0.015
0.045
If no two households in the community had the same income, and if the greatest household income had the
greatest percentile ranking, which of the following could have been the income at the 85th percentile ranking
of the 400 household incomes?
$48,250
$79,350
$105,600
$345,750
$841,150
Select one answer choice.
Transcribed Image Text:Household Income Profile of the 400 Households in a Community in 1999 Household Income Category Under $20,000 $20,000 to $29,999 $30,000 to $39,999 $40,000 to $49,999 $50,000 to $99,999 $100,000 to $299,999 $300,000 to $499.999 $500,000 and over Number of Households 30 70 90 110 80 10 5 If 3 different households of the 400 are to be chosen at random for a marketing survey, which of the following is closest to the probability that all 3 households chosen had incomes of $50,000 or more in 1999? 0.0001 0.001 0.005 0.015 0.045 If no two households in the community had the same income, and if the greatest household income had the greatest percentile ranking, which of the following could have been the income at the 85th percentile ranking of the 400 household incomes? $48,250 $79,350 $105,600 $345,750 $841,150 Select one answer choice.
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