Mathematics, 24.02.2021 19:10 Fsamrai

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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