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Eight hundred companies whose stocks are traded on Nasdaq were researched. Each company was given a credit rating of either A, B or C. Also,

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Eight hundred companies whose stocks are traded on Nasdaq were researched. Each company was given a credit rating of either A, B or C. Also, each company was classified based on whether or not it was profitable in the last fiscal year. Based on the relative frequencies of the data, the following probability table was constructed. Total Unprofitable Profitable Total Credit rating A 0.04 0.35 0.39 B 0.11 X 0.36 C 0.08 0.17 0.25 0.23 0.77 What is the probability that a randomly selected company was profitable in the last fiscal year

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