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A study of 198 advertising firms revealed their income after taxes: Income after Taxes Number of Firms Under $1 million 102 $1 million to $20 million...

A study of 198 advertising firms revealed their income after taxes:

 

  Income after Taxes Number of Firms
  Under $1 million 102     
  $1 million to $20 million 56     
  $20 million or more 40     

 

  

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   

 

b-1.

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



Top Answer

(a)p = 102/198 =... View the full answer

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The way to answer this question is ... View the full answer

(a)p = 102/198 =... View the full answer

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