According to the Journal of Business Venturing (Vol. 17, 2002), 27% of all small businesses owned by

Question:

According to the Journal of Business Venturing (Vol. 17, 2002), 27% of all small businesses owned by non-Hispanic whites nationwide are women-owned firms. If we select, at random, a small business owned by a non-Hispanic white, what is the probability that it is a male-owned firm?