A recent survey was conducted of the 30largest public companies in a particular country. Of these...
A recent survey was conducted of the 30largest public companies in a particular country. Of these 30 companies,9 were banking or investment companies based in city X. A total of 21city X companies were on the top 30 list. Suppose we select one of these 30 companies at random. Given that the company is based in city X, what is the probability that it is a banking or investment company?
The probability is. _______ (Round to three decimal places as needed.)
Homework Answers
P(Banking or investment company | City X)
= P(Banking or investment company and City X) / P(City X)
= 9/21
= 0.429
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