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

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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

Related Book For answer-question

Macroeconomics Principles, Applications, and Tools

ISBN: 978-0132555234

7th Edition

Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez

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Posted Date: Jan 06, 2021 10:52 PM

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

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Pown SUV income over 100000 075 Pown SUV income under 100000 025 Pincom... View the full answer

Macroeconomics Principles, Applications, and Tools

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