The following crosstabulation shows household income by educational level of the head of household Statistical Abstract of
Question:
The following crosstabulation shows household income by educational level of the head of household Statistical Abstract of the United States, 2008).
a. Develop a joint probability table.
b. What is the probability of a head of household not being a high school graduate?
c. What is the probability of a head of household having a bachelor’s degree or more education?
d. What is the probability of a household headed by someone with a bachelor’s degree earning $100,000 or more?
e. What is the probability of a household having income below $25,000?
f. What is the probability of a household headed by someone with a bachelor’s degree earning less than $25,000?
g. Is household income independent of educationallevel?
Step by Step Answer:
Essentials Of Statistics For Business And Economics
ISBN: 9781305081598
7th Edition
Authors: David Anderson, Thomas Williams, Dennis Sweeney, Jeffrey Cam