16000 tickets have been sold.
Glad I could help :)
Answer:
1/2
Step-by-step explanation:
Answer:
The area (probability) is: 0.6864.
Step-by-step explanation:
According to the statement, we are in front of a normal distribution with the following parameters:
µ (mean) = 0
σ (Standard deviation) = 1.
Then we need to find the area of the shaded region, which is the area between the points -1.21 < z < 0.84.
And the area (probability) is: 0.6864.
Whole numbers start from 0 so i am guessing that you can find the decimal for 5/6=0.833 and then multiply .
The top 4 firms have (23 +22 +18 +12)% = 75% of the market.
The 4-firm concentration ratio is 0.75 or 75%.