Refer to Exercise 4.114. A U.S. farm is selected at random. In E 4.114 a. Use the

Question:

Refer to Exercise 4.114. A U.S. farm is selected at random.
In E 4.114

a. Use the letters in the margins of the contingency table to represent each of the following three events: The farm obtained
(i) Has between 180 and 500 acres,
(ii) Is part-owner operated,
(iii) Is full-owner operated and has at least 1000 acres.
b. Compute the probability of each event in part (a).
c. Construct a joint percentage distribution, a table similar to a joint probability distribution except with percentages instead of probabilities.

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...