Question
Last year's annual profit (corrected to the nearest million dollars) of a random sample of small and medium size companies of industrial sector A is
Last year's annual profit (corrected to the nearest million dollars) of a random sample of small and medium size companies of industrial sector A is given below:
Annual Profit ($ million) Number of companies
- -4-0 5
- 1-4 24
- 5-9 38
- 10-19 23
- 20-39 7
- 40-59 3
(b) Estimate, from the frequency distribution table, the proportion of companies having last
(c) It is known that a randomly selected small and median size company had annual profit for last year larger than $7.5 million. Estimate, from the frequency distribution table, the probability that this company had annual profit not more than $25 million.
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