What is the probability of a household having income below

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Reference no: EM13579109

The following cross tabulation shows household income by educational level of the head of household (Statistical Abstract of the United States: 2002).

 

Household Income ($1000s)

 

 

 

Under

25.0-

50.0-

75.0-

100 or

 

Education Level

25

49.9

74.9

99.9

more

Total

Not H.S. Graduate

9,285

4,093

1,589

541

354

15,862

H.S. Graduate

10,150

9,821

6,050

2,737

2,028

30,786

Some College

6,011

8,221

5,813

3,215

3,120

26,380

Bachelor's Degree

2,138

3,985

3,952

2,698

4,748

17,521

Beyond Bach. Deg.

813

1,497

1,815

1,589

3,765

9,479

Total

28,397

27,617

19,219

10,780

14,015

100,028

               

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 educational level?

Reference no: EM13579109

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