in a certain city, 60% of the heads of household own the house in which they reside, and 80% of the heads of the household have full-time employment when considering what percentage of heads of household both own their home and have a full-time job, a student estimates that 48% of heads of household fit both requirements, stating that (0.60) (0.80)=0.48. is this student correct in his approach?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.6: Summarizing Categorical Data
Problem 10CYU
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in a certain city, 60% of the heads of household own the house in which they reside, and 80% of the heads of the household have full-time employment when considering what percentage of heads of household both own their home and have a full-time job, a student estimates that 48% of heads of household fit both requirements, stating that (0.60) (0.80)=0.48. is this student correct in his approach?

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