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

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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) About Me  (Show Source):
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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.