What does the “American Dream” mean to you? Home ownership? Financial stability? According to a 2019 survey conducted by Even, a research firm and mobile app maker, the American Dream (however defined) is not within reach for most Americans. One of the survey questions asked 1,083 Americans to complete the sentence: “When thinking about the American Dream and my own family, I feel . . . ” Responses were categorized as “my family has achieved it”, “it is within reach for me”, “somewhat optimistic I will reach it”, “somewhat pessimistic I will reach it”, “it is out of reach for me”, and “not sure.” The results (category percentages) are summarized in the Minitab pie chart.

a. Use the information in the pie chart to estimate the probability that an American believes he or she has achieved the American Dream.

b. Use the information in the pie chart to estimate the probability that an American believes the American Dream is either out of reach or pessimistic about reaching it.

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Pessimistic 7.0% OutofReach 11.0% Pie Chart of RESPONSE Optimistic 16.0% NotSure 18.0% Achievedit 24.0% WithinReach 24.0%