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A study of 200 advertising firms revealed their income after taxes: Income after Taxes Number of Firms Under $1 million 102 $1 million to $20 million...
A study of 200 advertising firms revealed their income after taxes:
Income after TaxesNumber of Firms
Under $1 million102
$1 million to $20 million 61
$20 million or more 37
a.What is the probability an advertising firm selected at random has under $1 million in income after taxes?
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b.What is the probability an advertising firm selected at random has either an income between $1 million and $20 million, or an income of $20 million or more? What rule of probability was applied?
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