Mathematics
Mathematics, 04.07.2020 02:01, mbonham481

Call a household prosperous if its income exceeds $100,000. Call the household educated if the householder completed college. Let A be the event that a random household is prosperous and B the event that it is educated. According to the Current Population Survey P(A) = 0.138, P(B) = 0.216, and the probability that a household is both prosperous and educated is: P(A ⋂ B) = 0.082

Required:
What is the probability P(A ⋃ B) that the household selected is either prosperous or educated?

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Call a household prosperous if its income exceeds $100,000. Call the household educated if the house...

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