As was discussed in the Analytics in Action from Chapter 2, the U.S. Census Bureau is a
Question:
a. Develop a joint probability table.
b. What is the probability the head of one of these households has a master's degree or higher education?
c. What is the probability a household is headed by someone with a high school diploma earning $100,000 or more?
d. What is the probability one of these households has an income below $25,000?
e. What is the probability a household is headed by someone with a bachelor's degree earning less than $25,000?
f. Are household income and educational level independent?
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Related Book For
Essentials of Business Analytics
ISBN: 978-1305627734
2nd edition
Authors: Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
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