Choose the one alternative that best completes the statement or answers the question.
-The table below shows the results of a consumer survey of annual incomes in 100 households. $$\begin{array} { l | c }
\text { Income } & \text { Number of households } \
\hline \$ 0 - 14,999 & 7 \
\hline \$ 15,000 - 24,999 & 20 \
\hline \$ 25,000 - 34,999 & 30 \
\hline \$ 35,000 - 44,999 & 26 \
\hline \$ 45,000 \text { or more } & 17
\end{array}$$ What is the probability that a household has an annual income less than $25,000?
A) 0.57
B) 0.2
C) 0.27
D) 0.73

Question

Choose the one alternative that best completes the statement or answers the question.
-The table below shows the results of a consumer survey of annual incomes in 100 households. $$\begin{array} { l | c } 
\text { Income } & \text { Number of households } \
\hline \$ 0 - 14,999 & 7 \
\hline \$ 15,000 - 24,999 & 20 \
\hline \$ 25,000 - 34,999 & 30 \
\hline \$ 35,000 - 44,999 & 26 \
\hline \$ 45,000 \text { or more } & 17
\end{array}$$ What is the probability that a household has an annual income less than $25,000?
A) 0.57
B) 0.2
C) 0.27
D) 0.73

Quizplus · Accepted Answer

The probability is calculated by dividing the number of households with income less than $25,000 (7 + 20 = 27 households) by the total number of households (100). Thus, the probability is 27/100 = 0.27.

Choose the One Alternative That Best Completes the Statement or Answers