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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Types of Bias

Statistics is the study of data collection, organization, analysis, interpretation, and presentation. Statistical bias is a characteristic of a statistical technique or its findings in which the expected value deviates from the actual root quantitative parameter being estimated. According to the actual definition of bias, it refers to the tendency of a statistic to overestimate or underestimate a parameter.