Question

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 financial establishment has a probability 11.14 percentage points higher than the situation involving the food 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 food establishment has a probability 2.36 percentage points higher than the situation involving the financial establishment.

Answer 1

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