If the firm interviewed was expecting medium or high growth,what is the probability of the firm being located in the West?
A)0.16
B)0.31
C)0.46
D)0.27

Question

Quizplus · Accepted Answer

From the contingency table, we can see that there are a total of 395+204+236=835 firms that are expecting medium or high growth. Out of these, 204 are located in the West. Therefore, the probability of the firm being located in the West given that it is expecting medium or high growth is 204/835, which simplifies to 0.244 or 0.31 when rounded to two decimal places. The closest option is B, 0.31, so that is the answer.

If the Firm Interviewed Was Expecting Medium or High Growth,what