We want to find the probability that a resident who is 40 or older has completed a bachelor's or master's degree.
The sample space is the total number of people that are 40 years or older, this is;
[tex]3827+7106=10933[/tex]The total number of bachelor's degree holders 40 or older is;
[tex]726+2160=2886[/tex]The total number of master's degree holders 40 or older is; 655 + 1226 = 1881
Therefore, we find that the probability that a resident who is 40 or older has completed a bachelor's or master's degree is;
[tex]\begin{gathered} P(\text{bachelors)}+P(\text{masters)} \\ =\frac{2886}{10933}+\frac{1881}{10933}=\frac{4767}{10933}=0.436 \end{gathered}[/tex]