Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 02 Oct 2017 My Price 5.00

Bureau of the Census

The Bureau of the Census reports that the median family income for all families in the United States during the year 2003 was $43,318. That is, half of all American families had incomes exceeding this amount, and half had incomes equal to or below this amount. Suppose that four families are surveyed and that each one reveals whether its income exceeded $43,318 in 2003.

a List the points in the sample space.

b Identify the simple events in each of the following events:

A: At least two had incomes exceeding $43,318.

B: Exactly two had incomes exceeding $43,318.

C: Exactly one had income less than or equal to $43,318.

c Make use of the given interpretation for the median to assign probabilities to the simple events and find P(A), P(B), and P(C).

Answers

Maurice Tutor
(5)
Status NEW Posted 02 Oct 2017 05:10 PM My Price 5.00

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