Question 1068020
A corporation is evaluating a proposed merger. The board of directors surveyed 55 stockholders concerning their position on the merger. The results are reported below: (Round the final answers to 1 decimal place.)
	 	 	Opinion
Number of Shares Held	Favour	     Opposed	    Undecided	      Total
Under 200	 	7	 	5	 	4	 	16	 
200 to under 1000	5	 	9	 	3	 	17	 
1000 or more	 	7	 	12	 	3	 	22	 
Total	 	       19	        26             10	 	55	 
 
a.	What is the probability that a stockholder holds 1000 or more shares?
 	  Probability = 22/55
b.	What is the probability that a stockholder holds less than 200 shares and       is in favour of the merger? Probability = 7/55
c.	What is the probability that a stockholder holds between 200 to under 1000 shares or is opposed to the merger?  Probability = (16+26-5)/55 = 37/55	
 d.	What is the probability that a stockholder holds under 200 shares given that he/she is opposed to the merger? Probability(<200 | against merger)
= 5/26
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Cheers,
Stan H.
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