From the given Joint probability table, answer the questions given below. Household Income Highest Level of Education Under $25000 $25000 to $49999 $50000 to $99999 $100,000 and over Total High School graduate 0.150508805 0.151879837 0.143821217 0.05304369 0.499254 Bachelor's degree 0.03781 0.06343306 0.1167814 0.119082 0.337137 Master's degree 0.010435 0.01835659 0.0459905 0.062367 0.137149 Doctoral degree 0.001203 0.00243739 0.0064286 0.016391 0.026461 Total 0.199988 0.23610688 0.3130218 0.250884 1 1. What is the probability one of these household has an income below $25000? 2.What is the probability a household is headed by someone with a bachelor's degree earning less than $25000? 3. Are household income and educational level independent?
From the given Joint probability table, answer the questions given below. Household Income Highest Level of Education Under $25000 $25000 to $49999 $50000 to $99999 $100,000 and over Total High School graduate 0.150508805 0.151879837 0.143821217 0.05304369 0.499254 Bachelor's degree 0.03781 0.06343306 0.1167814 0.119082 0.337137 Master's degree 0.010435 0.01835659 0.0459905 0.062367 0.137149 Doctoral degree 0.001203 0.00243739 0.0064286 0.016391 0.026461 Total 0.199988 0.23610688 0.3130218 0.250884 1 1. What is the probability one of these household has an income below $25000? 2.What is the probability a household is headed by someone with a bachelor's degree earning less than $25000? 3. Are household income and educational level independent?
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 11ECP: A manufacturer has determined that a machine averages one faulty unit for every 500 it produces....
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From the given Joint
| Household Income | |||||
| Highest Level of Education | Under $25000 | $25000 to $49999 | $50000 to $99999 | $100,000 and over | Total |
| High School graduate | 0.150508805 | 0.151879837 | 0.143821217 | 0.05304369 | 0.499254 |
| Bachelor's degree | 0.03781 | 0.06343306 | 0.1167814 | 0.119082 | 0.337137 |
| Master's degree | 0.010435 | 0.01835659 | 0.0459905 | 0.062367 | 0.137149 |
| Doctoral degree | 0.001203 | 0.00243739 | 0.0064286 | 0.016391 | 0.026461 |
| Total | 0.199988 | 0.23610688 | 0.3130218 | 0.250884 | 1 |
1. What is the probability one of these household has an income below $25000?
2.What is the probability a household is headed by someone with a bachelor's degree earning less than $25000?
3. Are household income and educational level independent?
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