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AleksAgata [21]
3 years ago
6

Income alone does not give the full picture of standard of living. Why not?

Advanced Placement (AP)
1 answer:
OverLord2011 [107]3 years ago
7 0

Answer:

the long term, the U.S. standard of living has improved. Still, there are some vital numbers to watch. After five years of the poverty rate going down in the U.S., it rose in 2020. The official U.S. poverty rate was 10.5% in 2019, but in 2020 it was up to 11.4%.

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5 0
3 years ago
Suppose R and Q are two events such that P(R)= .14, P(Q) = .52, and P(R∩Q)= .20, find P(RUQ), are the events mutually exclusive
saw5 [17]

Answer:

#

P(R I Q) = P(RnQ) / P(Q) = 0.1 Therefore P(RnQ) = 0.1 X 0.35 = 0.035 (The intersection in the centre of a Venn Diagram)

P(RnQ') = 0.15 In a Venn Diagram this is R but excluding the centre intersection with Q. Therefore P(R) = P(RnQ') + P(RnQ) = 0.15 + 0.035 = 0.185

P(RUQ) = 0.15 + 0.035 + 0.315 = 0.5 so 0.5 must be outside the Venn Diagram circles.

Explanation:

hope this helps

4 0
3 years ago
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