Salary of Working Mothers Narrative
A researcher studied the relationship between the salary of a working woman with school-aged children and the number of children she had. The results are shown in the following probability table:
Number of Children 
Let A denote the event that a working woman has two or fewer children, and let B denote the event that a working woman has a low salary.
-Refer to Salary of Working Mothers Narrative. If a working woman has two or fewer children, what is the probability that she has a low salary?
Definitions:
200% Declining-Balance Rate
A method of accelerated depreciation allowing for a double rate of depreciation on assets, compared to the straight-line method.
MACRS
The Modified Accelerated Cost Recovery System, a method of depreciation for tax purposes that allows faster write-offs on property.
Mid-Month Convention
A rule for depreciation of business assets that assumes assets are acquired and disposed of at the midpoint of the month.
Personal Property
Assets belonging to an individual that are movable, excluding real estate or land.
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