For the income and probability values shown, the probability that the income in any year will be greater than $8500 is closest to: (choose one)
(a) 0.38
(b) 0.49
(c) 0.70
(d) 0.92
P(Income > $8500) = 0.32 + 0.24 + 0.09 + 0.04
= 0.69
Answer is (c) 0.70
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