According to a Survey of American Households, the Probability That

According to a survey of American households, the probability that the residents own two cars if annual household income is over $50,000 is 80%. Of the households surveyed, 60% had incomes over $50,000 and 70% had two cars. The probability that annual household income is over $50,000 if the residents of a household own two cars is ________.

A) 0.42
B) 0.48
C) 0.50
D) 0.69

Correct Answer:

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