Refer to Exercise 4.88. Use the complementation rule to find the probability that one of these Type

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Refer to Exercise 4.88. Use the complementation rule to find the probability that one of these Type 4A development corporations selected at random has receipts
In E 4.88
The State of Texas maintains records pertaining to the economic development of corporations in the state. From the Economic Development Corporation Report, published by the Texas Comptroller of Public Accounts, we obtained the following frequency distribution summarizing the sales tax receipts from the state's Type 4A development corporations during one fiscal year.
Receipts ________________________ Frequency
$0-24,999 ....................................... 25
$25,000-49,999 ................................. 23
$50,000-74,999 ................................. 21
$75,000-99,999 ................................. 11
$100,000-199,999 .............................. 34
$200,000-499,999 .............................. 44
$500,000-999,999 .............................. 17
$1,000,000 & over .............................. 32
a. Of at least $25,000.
b. Less than $500,000.
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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