(See Steps) Each month a brokerage house studies various companies and rates each company's stock as being either "low risk" or "moderated to high risk".
Question: Each month a brokerage house studies various companies and rates each company's stock as being either "low risk" or "moderated to high risk". In a recent report, the brokerage house summarized its findings about 15 aerospace companies and 25 food retailers in the following table:
Company Type Low Risk Moderate to High Risk
Aerospace Company 6 9
Food Retailer 15 10
If we randomly select one of the total of 40 companies, find:
- The probability that the company is a food retailer.
- The probability that the company's stock is "low risk."
- The probability that the company's stock is "moderate to high risk."
- The probability that the company is a food retailer and has a stock that is "low risk."
- The probability that the company is a food retailer or has a stock that is "low risk."
Deliverable: Word Document 