Question: As was discussed in the Analytics in Action from Chapter 2, the U.S. Census Bureau is a leading source of quantitative data related to the
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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?
Household Income Highest Level of Education High school graduate 9,880 Bachelor's degree Master's degree Doctoral degree Under $25,000 to $50,000 to $100,000 $25,000 $49,999 $99,999and Over Total 3,482 32,773 7,817 22,131 9,003 1,076 1,737 16,46965,644 9,970 4,164 1,205 160 15,499 9,441 /,666 3,019 422 20,548 2,484 685 79 4,094 Total 13,128
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