Question
4. The following table displays the profitability of 150 businesses in 4 various industries: less than 50 million, or equivalent to that More than 50,000,000
4. The following table displays the profitability of 150 businesses in 4 various industries: less than 50 million, or equivalent to that More than 50,000,000 Auto Industry as a Whole 17 15 32 Industry of Steel 35 30 65 Food Sector 28 5 33 In the wood industry, there are 10 10 20 total 90 60 150 Consider selecting a business at random. Determine the following probabilities: a. The business makes a profit of up to $50 million but not more. b. The business is in the auto sector. c. The car industry-related business has a profit of more than $50 million. d. The business either comes from the auto industry or has a 50 million dollar profit. e. The business is in the auto sector, which generates higher profits.
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