5. 362 households were surveyed. The findings are summarized in the following table. Have at least one Do not have any maxed-out credit card maxed-out credit cards Homeowner 99 70 Home renter 113 80...

Extracted text: 5. 362 households were surveyed. The findings are summarized in the following table. Have at least one Do not have any maxed-out credit card maxed-out credit cards Homeowner 99 70 Home renter 113 80 a. What is the probability that a randomly selected household has at least one maxed-out credit card? Consider only 3 decimals for your final answer.


Extracted text: b. What is the probability that a randomly selected household owns their house? Consider only 3 decimals for your final answer. c. Are the events that a household has at least one maxed-out credit card and they own their house independent? Justify your answer. Note: in parts a. and b. probability is the same as proportion.