A survey of recent e-commerce start-up firms was undertaken at an industry convention. Representatives of the firm were asked for the geographic location of the firm as well as the firm's outlook for growth in the coming year. The results are provided below. Expected Growth a) b) c) Low Medium High Total Northeast 57 36 105 South 42 18 24 84 Region Midwest 36 15 75 West 12 15 9 Calculate the missing values. Produce the probability table. What is the probability that one of these start-up firms was from the Northeast? Total 147 93 60 d) What is the probability that one of these start-up firms' expected growth is Medium? e) What is the probability that one of these start-up firms was from the Midwest and expected growth was rated as high?

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A survey of recent e-commerce start-up firms was undertaken at an industry
convention. Representatives of the firm were asked for the geographic location of
the firm as well as the firm's outlook for growth in the coming year. The results are
provided below.
Expected
Growth
a)
b)
Low
Medium
High
Total
Northeast
57
36
105
South
42
18
24
84
Region
Midwest
36
15
75
West
12
15
9
Calculate the missing values.
Produce the probability table.
What is the probability that one of these start-up firms was from the
Northeast?
Total
147
93
60
d)
What is the probability that one of these start-up firms' expected growth is
Medium?
e) What is the probability that one these start-up firms was from the Midwest
and expected growth was rated as high?
Transcribed Image Text:A survey of recent e-commerce start-up firms was undertaken at an industry convention. Representatives of the firm were asked for the geographic location of the firm as well as the firm's outlook for growth in the coming year. The results are provided below. Expected Growth a) b) Low Medium High Total Northeast 57 36 105 South 42 18 24 84 Region Midwest 36 15 75 West 12 15 9 Calculate the missing values. Produce the probability table. What is the probability that one of these start-up firms was from the Northeast? Total 147 93 60 d) What is the probability that one of these start-up firms' expected growth is Medium? e) What is the probability that one these start-up firms was from the Midwest and expected growth was rated as high?
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