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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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