Question
Asked Oct 18, 2019
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According to a survey of American households, the probability that the residents own 2 cars if annual household income is over $25,000 is 80%. Of the households surveyed, 60% had incomes over $25,000 and 70% had 2 cars. The probability that the residents of a household do not own 2 cars and have an income over $25,000 a year is:

a) 0.12

b) 0.18

c) 0.22

d) 0.48

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Expert Answer

Step 1

Introduction:

Define the following events:

A: The residents own two cars;

B: The annual household income is over $25,000;

From the given p...

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