Question

Some of Colossal Conglomerate's 30,000 clients are "gold class" clients, and others are "platinum class" clients. Here is a contingency table showing the number of clients in various categories:

Gold Class Platinum Class Total
Small Business 5000 7000 12,000
Large Company 3000 2000 5000
Individual 8000 5000 13,000
Total 16,000 14,000 30,000

Assume a Colossal Conglomerate client is chosen at random. Calculate the following:

Qsmallblank.gif The probability that a gold class client is a small business is:

            (Note: You can enter all answers as fractions.)

Qsmallblank.gif The probability that a large company is a platinum class client is:

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Answer #1
  • probability that a gold class client is a small business is = 5000 /16000
  • probability that a large company is a platinum class client is = 2000 / 5000
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