Question: How are the size of a firm measured in terms

How are the size of a firm (measured in terms of the number of employees) and the type of firm related? To help answer the question, an analyst referred to the U.S. Census and developed the following table of joint probabilities.

If one firm is selected at random, find the probability of the following events.
a. The firm employs fewer than 20 employees.
b. The firm is in the retail industry.
c. A firm in the construction industry employs between 20 and 99workers.

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  • CreatedFebruary 03, 2015
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