SOLUTION: A study of 200 commercial firms revealed the data below. What is the probability that a particular firm will have $1 million or more in income after taxes?
Income After Taxes
Algebra.Com
Question 452900: A study of 200 commercial firms revealed the data below. What is the probability that a particular firm will have $1 million or more in income after taxes?
Income After Taxes Number of Firms
Under $1 million 102
$1 million up to $20 million 61
$20 million and more 37
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
A study of 200 commercial firms revealed the data below. What is the probability that a particular firm will have $1 million or more in income after taxes?
Income After Taxes Number of Firms
Under $1 million 102
$1 million up to $20 million 61
$20 million and more 37
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Ans: 1 - 102/200 = 0.49
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Cheers,
Stan H.
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