Find probability advertising firm has income after tax

Assignment Help Basic Statistics

Reference no: EM13143675

A study of 200 advertising firms revealed their income after taxes:

Income after Taxes Number of Firms
Under $1 million 102
$1 million to $20 million 61
$20 million or more 37

a. What is the probability an advertising firm selected at random has under $1 million in income after taxes?

Reference no: EM13143675

Questions Cloud

The aggregate demand schedule to the right : The long-run Phillips curve suggests policymakers choose between alternative and which of the following will shift the aggregate demand schedule to the right?

Find the molecular formula for the compound : A compound is constituted by mass of 22.6% phosphorus, the rest being chlorine. Given that a volume of 307 mL of the gas has a mass of 1.55 g at 25 °C and 90 kPa, find the molecular formula for this compound

Why companies required to prepare a statement of cash flows : Why are companies required to prepare a statement of cash flows? Why is the statement of cash flows divided into three sections? What does each section tell you about the operations of a company?

How do language, culture, and history shape the way : How do language, culture, and history shape the way we think, feel, and view the world?

Find probability advertising firm has income after tax : A study of 200 advertising firms revealed their income after taxes: What is the probability an advertising firm selected at random has under $1 million in income after taxes?

Cross-cultural approach : What is the cross-cultural approach to research?2. What is the multicultural approach to research?

How do diatoms with their glasslike valves avoid : Diatoms are mostly asexual members of the phytoplankton. Diatoms lack any organelles that might have the 9+2 pattern. They obtain their nutrition from functional chloroplasts, and each diatom is encased within two porous, glasslike valves.

What is the expected profit sale to promise a profit : A contractor is considering a sale that promises a profit of $37,000 with a probability of 0.7 or a loss of (due to bad weather and such) of $18,000 with a probability of 0.3. What is the expected profit?

Net periodic pension cost reported in the income statement : The net periodic pension cost reported in the income statement for 2011 would be

User Account

All Pages