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Develop an estimate of the number of fortune companies

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Question: A sample of 50 Fortune 500 companies (Fortune. April 14. 2003) showed that 5 were based in New York. 6 in California. 2 in Minnesota. and I in Wisconsin.

a. Develop an estimate of the proportion of Fortune 500 companies based in New York.

b. Develop an estimate of the number of Fortune 500 companies based in Minnesota.

c. Develop an estimate of the proportion of Fortune 500 companies that are not based in these four states.

Reference no: EM131455736

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