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Fortune magazine publishes an annual issue containing information on Fortune 500 companies. The following data show the six states with the largest number of Fortune 500 companies as well as the number of companies headquartered in those states (Fortune, April 17, 2000).
Number of
State
Companies
New York
56
California
53
Texas
43
Illinois
37
Ohio
28
Pennsylvania
Suppose a Fortune 500 company is chosen for a follow-up questionnaire. What are the probabilities of the following events?
a. Let N be the event the company is headquartered in New York. Find P(N).
b. Let T be the event the company is headquartered in Texas. Find P(T).
c. Let B be the event the company is headquartered in one of these six states. Find P(B).
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