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Safari File Edit View History Bookmarks window Help ?? .sji. O ??) 38%D ? Thu 9:29 PM E newconnect.mheducation.com Chapter 5 HW 6 Saved Help Save & Exit Submit Summer Classes Exercise 5-13 (LO5-3) 3 A study of 200 advertising firms revealed their income after taxes: 3539 Red eadow... Docs.pdf Income after Taxes Under $1 million $1 million to $20 million $20 million or more Number of Firms 102 61 37 points eBook Browser Ask a. What is the probability an advertising firm selected at random has under $1 million in income after taxes? (Round References your answer to 2 decimal places.) 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.) KPrev3 of 10 Next >

Explanation / Answer

Result:

a). P = 102/200 = 0.51

b1). P = (61+37)/200 = 98/200 = 0.49

b2). Both

( we can use addition the the two events probabilities or compliment of part a probability)

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