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In: Statistics and Probability

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

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

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Expert Solution

orchestra answered 1 year ago
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