value: 2.00 points A study of 197 advertising firms revealed their income after

Question

value: 2.00 points A study of 197 advertising firms revealed their income after taxes: Income after Taxes Under $1 million $1 million to $20 million $20 million or more Number of Firms 106 52 39 a. What is the probability an advertising firm selected at random has under $1 million in income after taxes? (Round your answer to 2 decimal places.) Probability 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.) b-2. What rule of probability was applied?

Explanation / Answer

a) probability =106/197=0.54

b) probability of having an income more then 1 million =(52+39)/197 =0.46

b-2)

rule of probability =empirical/experimental ( please revert with options for this)

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