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3. A brokerage company evaluates and rates the 15 Aerospace companies and 25 food retailers in the following table; Company type Low Risk High Risk
3. A brokerage company evaluates and rates the 15 Aerospace companies and 25 food retailers in the following table;
Company type | Low Risk | High Risk |
Aerospace companies | 6 | 9 |
Food retailers | 15 | 10 |
If a company is selected at random, find the probability that 1) The companys stock is high risk. 2) The companys stock is a food retailer. 3) The companys stock is high risk given that the firm is a retailer. 4) Given that the companys stock is high risk, the firm is a aerospace company. 5) The companys stock is low risk and a food retailer. 6) The companys stock is high risk or a aerospace company.
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