SOLUTION: Here is the distribution of the adjusted gross income (in thousands of dollars) reported on individual federal income tax returns in a particular year. (Round your answers to three
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Question 1049675: Here is the distribution of the adjusted gross income (in thousands of dollars) reported on individual federal income tax returns in a particular year. (Round your answers to three decimal places.)
Income < 15 15-29 30-99 100-199 ≥ 200
Probability 0.266 0.213 0.382 0.104 0.035
a) Given that a return shows an income of at least $30,000, what is the conditional probability that the income is at least $100,000?
