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Each month a brokerage house studies various companies and rates each company's stock as being either "low risk" or "moderate to high risk." In a recent report, the brokerage house summarized its findings about 18 aerospace companies and 55 food retailers in the following table: Company Type Aerospace company Food retailer Low Risk 10 25 Probability If we randomly select one of the total of 73 companies 4 (a) Find the probability that the company's stock is moderate to high risk given that the firm is an aerospace company. (Round your answer to 4 decimal places.) Moderate to High Risk 8 30 0.4444

Each month a brokerage house studies various companies and rates each company's stock as being either "low risk" or "moderate to high risk." In a recent report, the brokerage house summarized its findings about 18 aerospace companies and 55 food retailers in the following table: Company Type Aerospace company Food retailer Low Risk 10 25 Probability If we randomly select one of the total of 73 companies 4 (a) Find the probability that the company's stock is moderate to high risk given that the firm is an aerospace company. (Round your answer to 4 decimal places.) Moderate to High Risk 8 30 0.4444

A First Course in Probability (10th Edition)
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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Each month a brokerage house studies various companies and rates each company's stock as being either "low risk" or "moderate to high risk." In a recent report, the brokerage house summarized its findings about 18 aerospace companies and 55 food retailers in the following table: Company Type Aerospace company Food retailer Low Risk 10 25 Probability If we randomly select one of the total of 73 companies W (a) Find the probability that the company's stock is moderate to high risk given that the firm is an aerospace company. (Round your answer to 4 decimal places.) Moderate to High Risk 8 30 0.4444
Transcribed Image Text:Each month a brokerage house studies various companies and rates each company's stock as being either "low risk" or "moderate to high risk." In a recent report, the brokerage house summarized its findings about 18 aerospace companies and 55 food retailers in the following table: Company Type Aerospace company Food retailer Low Risk 10 25 Probability If we randomly select one of the total of 73 companies W (a) Find the probability that the company's stock is moderate to high risk given that the firm is an aerospace company. (Round your answer to 4 decimal places.) Moderate to High Risk 8 30 0.4444
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