The availability of venture capital provided a big boost in funds available to companies in recent years.
Question:
a. What is the probability the company chosen will be from California?
b. What is the probability the company chosen will not be from one of the four states mentioned?
c. What is the probability the company will not be in the early stages of development?
d. Assuming the companies in the early stages of development were evenly distributed across the country, how many Massachusetts companies receiving venture capital funds were in their early stages of development?
e. The total amount of funds invested was $32.4 billion. Estimate the amount that went to Colorado.
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Related Book For
Quantitative Methods for Business
ISBN: 978-0324651751
11th Edition
Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey cam
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