Nicholas R.

asked • 04/28/19

Can you show me the way to get an answer to this?

A study showed that 34% of all firms in country A are owned by women. You phone local businesses, assuming that the national percentage is true in your area. You call 4 firms. What is the probability that all four are owned by women?

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Stephen K. answered • 04/29/19

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This would be (.34)^4= .0133

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Nicholas R.

It also said round to the third decimal so would it be 13.4%
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04/29/19

Stephen K.

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If you want to convert a decimal to a percent you would move the decimal 2 spaces to the right which would give 1.33%
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04/29/19

Nicholas R.

It did ask to round so would it be 1.4% or 1.3% as you said
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04/29/19

Stephen K.

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1.3%
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04/29/19

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