Answered

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Using the tables as experimental data, determine whether it is more likely for a new food establishment to succeed and
earn up to $25,000, or whether it is more likely for a new financial establishment to succeed and earn profits in either the
$25,000-50,000 range or the $50,000-75,000 range, and how much more likely the one situation is than the other.
Express all probabilities as percentages to two decimal places, and express differences by number of percentage points
(for example, 23% is 5 percentage points greater than 18%).
a The situation involving the food establishment has a probability 11.14 percentage points higher
than the situation involving the financial establishment
b. The situation involving the financial establishment has a probability 12.03 percentage points
higher than the situation involving the food establishment
c. The situation involving the food establishment has a probability 2.08 percentage points higher
than the situation involving the financial establishment
d. The situation involving the financial establishment has a probability 4.99 percentage points
higher than the situation involving the food establishment

Sagot :

MrRoyal

The situation involving the food establishment has a probability 2.08 percentage points higher than the situation involving the financial establishment

How to determine the true statement?

The question is incomplete, as the required table is not given.

From a more complete question, we have the following parameters:

  • The probability that the establishment earns up to $25k is 10.59%
  • The probability that the establishment earns between $25k - $50k or $50k - $75k is 8.56%

Using the above values, the difference in the probabilities is

d = 10.59% - 8.56%

This gives

d = 2.03%

Hence, the true statement about the probability is (d)

Read more about probability at:

https://brainly.com/question/251701

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