Question
Assume that among households with an annual income over $100,000, 75% own SUVs, while among households with an annual income under $100,000, only 25% do.
Assume that among households with an annual income over $100,000, 75% own SUVs, while among households with an annual income under $100,000, only 25% do. Households making over $100,000 make 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
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Macroeconomics Principles Applications And Tools
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez
7th Edition
978-0134089034, 9780134062754, 134089030, 134062752, 978-0132555234
