Forbes (May 6, 2015) conducted a survey of the 20 largest public companies in the world. Of

Question:

Forbes (May 6, 2015) conducted a survey of the 20 largest public companies in the world. Of these 20 companies, 4 were banking or investment companies based in the United States. A total of 9 U.S. companies were on the top 20 list. Suppose we select one of these 20 companies at random. Given that the company is based in the United States, what is the probability that it is a banking or investment company?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Statistics For Business And Economics

ISBN: 9780134506593

13th Edition

Authors: James T. McClave, P. George Benson, Terry Sincich

Question Posted: