Chapter 12.3, Problem 66AYU

To determine

To calculate: The probability that a household has an annual income of $\$50,000$ or more using following table which is based on a survey of annual incomes in $100$ households .

$\begin{array}{cccccc}\text{Income}& \$0-24,999& \$25,000-49,999& \$50,000-74,999& \$75,000-99,999& \$100,000\text{or}\text{more}\\ \begin{array}{l}\text{Number }\text{of }\\ \text{households}\end{array}& 22& 23& 17& 12& 26\end{array}$