THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
A survey of recent e-commerce start-up firms was undertaken at an industry convention.Representatives of the firm were asked for the geographic location of the firm as well as the firm's outlook for growth in the coming year.The results are provided below.
-What is the probability that one of these start-up firms was from the Northeast?
A)0.04
B)0.12
C)0.49
D)0.33

Question

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
A survey of recent e-commerce start-up firms was undertaken at an industry convention.Representatives of the firm were asked for the geographic location of the firm as well as the firm's outlook for growth in the coming year.The results are provided below. 
-What is the probability that one of these start-up firms was from the Northeast?
A)0.04 
B)0.12 
C)0.49 
D)0.33

Quizplus · Accepted Answer

The total number of firms surveyed is 200. The number of firms from the Northeast is 24. Therefore, the probability that a firm is from the Northeast is: 24/200 = 0.12. Therefore, choice B is correct.