Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. statistics
  3. assume that among households with an annual income

Assume that among households with an annual income over $100,000, 75% own SUVs, while among households...

70.2K

Verified Solution

Question

Statistics

Assume that among households with an annual income over$100,000, 75% own SUVs, while among households with an annualincome under $100,000, only 25% do. Households making over $100,000make up one quarter of all households in the country.

What are the odds that an SUV driver's household income is over$100,000? Choose the best answer.

A) 3/16

B) 15/31

C) 1/2

D) 9/16

Answer & Explanation Solved by verified expert
3.9 Ratings (433 Votes)
    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

1A) The proportions of defective parts produced by two machines were compared, and the following data...

Statistics
Q

Evaluate in detail, with the use of practical examples, the advantages and disadvantages of a transformational leader.Evaluate...

Operations Management
Q

Which of the following contains only C, H and O?        a). glucagon, b). insulin, c). fiber, d)....

Medical Sciences
Q

infancy and early childhood, differentiation is when...Synapse formation increases dramatically after birthSynapses begin to take...

Biology
Q

estion 3 Match the stages of eukaryotic cell respiration with the location in which the...

Biology
Q

Samuel is hired at a small sales company. His monthly pay is calculated by the...

Basic Math
Q

54 h 011 for 45 05 30 0 5 I 45 joto ye x 125...

Calculus
Q

1 point Initially 10 grams of salt are dissolved into 40 liters of water Brine...

Calculus
Q

For each of the following accounts/descriptions, indicate where in the financial statements the item will...

Accounting
Q

FOB shipping point refers to the situation in which title to goods in transit rests...

Accounting
Q

Carrier Corporation produces heating and air conditioning equipment at a number of plants throughout the...

Accounting
Q

Each project can be evaluated in isolation, this is viewed as a O Matching principle...

Finance