Statistics - Probability
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See attached file which includes the data,
The attached excel file contains data obtained from 274 couples regarding their education level, annual salary, the value of the cars that they own, the value of their homes, their total savings value (including stocks and bonds) and their social climber index (scale of 1-10, where 1 means very unconcerned about social status, 10 means very concerned).
The data is sorted by Education Level, use the data provided to answer the following questions
Based on the empirical data determine the following probabilities:
i. Social climber index greater than or equal to 7
ii. Salaries less than or equal to $50K
iii. Home values between $150K and $250K
iv. Car value less than $49K
Given that a person has earned a masters degree (education level 3), determine the following probabilities:
i. Social climber index greater than or equal to 7
ii. Salaries less than or equal to $50K
iii. Home values between $150K and $250K
iv. Car value less than $49K
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