Income tax returns. Here is the distribution of the adjusted gross income (inthousands
Chapter 0, Problem 12.37(choose chapter or problem)
Income tax returns. Here is the distribution of the adjusted gross income (inthousands of dollars) reported on individual federal income tax returns in 2003:Income < 25 2549 5099 100199 200Probability 0.454 0.252 0.206 0.068 0.020(a) What is the probability that a randomly chosen return shows an adjustedgross income of $50,000 or more? (b) Given that a return shows an income of at least $50,000, what is theconditional probability that the income is at least $100,000?
Unfortunately, we don't have that question answered yet. But you can get it answered in just 5 hours by Logging in or Becoming a subscriber.
Becoming a subscriber
Or look for another answer