Fortune magazine publishes an annual list of the 500 largest companies in the United States. The following data show the five states with the largest number of Fortune 500 companies (The New York Times Almanac, 2006).
Sate Number of Companies
New York ....................... 54
California ........................ 52
Texas ............................. 48
Illionis ............................ 33
Ohio .............................. 30
Suppose a Fortune 500 company is chosen for a follow-up questionnaire. What are the probabilities of the following events?
a. Let N be the event the company is headquartered in New York. Find P(N).
b. Let T be the event the company is headquartered in Taxes. Find P(T).
c. Let B be the event the company is headquarter in one of these five states. Find P(B).