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A recent survey was conducted of the 25 largest public companies in a particular country. Of these 25 companies, 3 were banking or investment companies
A recent survey was conducted of the 25 largest public companies in a particular country. Of these 25 companies, 3 were banking or investment companies based in city X. A total of 14 city X companies were on the top 25 list. Suppose we select one of these 25 companies at random. Given that the company is based in cityX, what is the probability that it is a banking or investmentcompany?
The probability is ___ (Round to three decimal places asneeded.)
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