Education and income, Suppose P(A) = 0.138, P(B) = 0.261,

Education and income

Reference no: EM131423169

Education and income

Call a household prosperous if its income exceeds $100,000. Call the household educated if the householder completed college. Select an American household at random, and let A be the event that the selected household is prosperous and B the event that it is educated.

Suppose P(A) = 0.138, P(B) = 0.261, and the probability that a household is both prosperous and educated is P(A and B) = 0.082. What is the probability P(A or B) that the household selected is either prosperous or educated?

Reference no: EM131423169

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