The Following Table Shows the Results of a Survey of 350

question 196

Essay

The following table shows the results of a survey of 350 authors by a (fictitious) publishing company: $$\begin{array} { | l | l | l | l | } \hline & \begin{array} { l } \text { New } \\\text { Authors }\end{array} & \begin{array} { l } \text { Established } \\\text { Authors }\end{array} & \text { Total } \\\hline \text { Successful } & 40 & 10 & 50 \\\hline \text { Unsuccessful } & 150 & 150 & 300 \\\hline \text { Total } & 190 & 160 & 350 \\\hline\end{array}$$ ​
An author is chosen at random.
Compute the estimated probability of the event that the author is unsuccessful and new.

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Definitions:

Drawee

The party in a financial transaction who is directed to pay a certain amount of money, typically written on a draft or check.

Cashier's Check

A cashier's check is a check guaranteed by a bank, drawn on the bank's own funds and signed by a cashier.

Check Forgery

The criminal act of making or altering a check with intent to defraud, such as by changing the amount or forging the drawer's signature.

Wrongfully Held Funds

Money that is unjustly retained or withheld from its rightful owner or beneficiary.