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Call a household prosperous if its annual income exceeds $100,000. Call a household educated if he or she completed college. The proportion of American households
Call a household prosperous if its annual income exceeds $100,000. Call a household educated if he or she completed college. The proportion of American households whose income exceeds $100,000 is 0.134 and the proportion of American households who completed college is 0.254. The proportion of American households who completed college and have income exceeding $100,000 is .08. A household is randomly selected from the entire American households.
What is the probability that the household is educated but not prosperous?
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