95. Refer to Scenario 3 Scenario 3: Wanting to invest in the computer games indu

Question

95. Refer to Scenario 3 Scenario 3: Wanting to invest in the computer games industry, you select Whizbo, Yowzo and Zowiebo as the three best firms. Over the past 10 years, the three firms have had good years and bad years. The following table shows their performance: nue eenue Good Year Bad Year Number of Revenue Good Years Compan)y Whizbo $8 milion $6 million Yowzo S10 millionS4 million Zowiebo$30 million1lion 4 Based on the 10 years' past performance, what is the probability of a good year for Zowiebo? $27 million A. 0.9 B. $1 milion C. $3 million D. 0.1

Explanation / Answer

D> 0.1

Reason

If 1 out of 10 years are good, the probability of a good year should be 1/10=0.1

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