In a small Vermont town of 5,000 adults, 2,000 live in private homes while the remaining live in apartment buildings. Of those living in private homes, 240 are upper income, 1,200 are middle income and 560 are lower income. Of those living in apartment buildings, 900 are upper income, 600 are middle income, and 1,500 are lower income. The town council is interested in making a policy change to restructure the property tax base in the town and needs to make an informed decision based on demographic trends and real data. Set up a cross-classification table for type of dwelling unit and income status and find the probability that a person chosen at random: a. Is middle income b. Lives in an apartment building c. Lives in a private home and is upper income
In a small Vermont town of 5,000 adults, 2,000 live in private homes while the
remaining live in apartment buildings. Of those living in private homes, 240 are upper
income, 1,200 are middle income and 560 are lower income. Of those living in apartment
buildings, 900 are upper income, 600 are middle income, and 1,500 are lower income.
The town council is interested in making a policy change to restructure the property tax
base in the town and needs to make an informed decision based on demographic trends
and real data.
Set up a cross-classification table for type of dwelling unit and income status and find the
a. Is middle income
b. Lives in an apartment building
c. Lives in a private home and is upper income
d. Lives in an apartment building or is lower income
e. Is middle income, if it is known that he lives in an apartment building
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