A study of 228 advertising firms revealed the income after toke Income after Taxes Number of Firms 112 Under $1 million $1 million to $20 million 58 $20 million or more 58 Click here for the Excel Data File a. What is the probability an advertising firm selected at random has under $1 million in income after taxes? (Round your answer to 2 decimal places.) Probability 041 b. What is the probability an advertising firm selected at random has either an income between $1 million and $20 million, or an income of $20 million or more? (Round your answer to 2 decimal places.) Probability 0.59
A study of 228 advertising firms revealed the income after toke Income after Taxes Number of Firms 112 Under $1 million $1 million to $20 million 58 $20 million or more 58 Click here for the Excel Data File a. What is the probability an advertising firm selected at random has under $1 million in income after taxes? (Round your answer to 2 decimal places.) Probability 041 b. What is the probability an advertising firm selected at random has either an income between $1 million and $20 million, or an income of $20 million or more? (Round your answer to 2 decimal places.) Probability 0.59
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Transcribed Image Text:A study of 228 advertising firms revealed their income and
Income after Taxes
Under $1 million
$1 million to $20 million
$20 million or more
Click here for the Excel Data File
a. What is the probability an advertising firm selected at random has under $1 million in income after taxes? (Round your answer to 2
decimal places.)
Probability
041
Probability
Number of Firms
112
b. What is the probability an advertising firm selected at random has either an income between $1 million and $20 million, or an
income of $20 million or more? (Round your answer to 2 decimal places.)
0.59
58
58
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