Solution: In Exercise, use the table, which shows the
Chapter , Problem 14E(choose chapter or problem)
Problem 14E
In Exercise, use the table, which shows the approximate distribution of the sizes of firms for a recent year. (Source: Adapted from U.S. Small Business Administration)
Number of employees |
1 to 4 |
5 to 9 |
10 to 19 |
20 to 99 |
100 or more |
Percent of firms |
42.9% |
15.1% |
9.6% |
10.0% |
22.4% |
Find the probability that a randomly selected firm will have fewer than 20 employees.
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