astudy showed that 33% of allfirms in couniry a are owned by women. you are phoning local businesses, assuming that the national percentage is true in your area. you call 3 fims. what is the probability that all three are owned by women?

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08-11-2022
Mathematics

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astudy showed that 33% of allfirms in couniry a are owned by women. you are phoning local businesses, assuming that the national percentage is true in your area. you call 3 fims. what is the probability that all three are owned by women?

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MahimZuberi MahimZuberi · Answer 1 · 2022-11-14T15:30:23+01:00

There is a 0.33 percent chance that a woman is the owner of each of the firms identified. Therefore, there is a 0.036 percent chance that women own ALL three of the called businesses.

What is probability?

The area of mathematics known as probability studies potential outcomes of events as well as their relative probabilities and distributions. Simply put, probability is the likelihood that something will occur. When we don't know how an event will turn out, we can discuss the likelihood or likelihood of various outcomes. Statistics is the study of events that follow a probability distribution.

Here,

The probability that each of the firms called is owned by a woman is 0.33. Therefore, the probability that ALL three of the firms called are owned by women is:

percentage=0.33*0.33*0.33

percentage=0.035937

=0.036

There is a 0.33 percent chance that each of the businesses is run by a woman. As a result, there is a 0.036 percent chance that women own ALL three of the businesses mentioned.

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