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Are customers more loyal in the East or in the West? The following table is based on information from Trends in the United Sates, published by the food marketing Institute, Washington, D.C. The columns represent loyalty (in years) at a primary supermarket. The rows represent regions of the United States. What is the probability that a customer chosen at random has been loyal 5 or more years given that he or she is from the Midwest? Round your answer to the nearest thousandth.
Interest Rate
The portion of the loan that applies interest costs to the borrower, generally formulated as an annual percentage of the still outstanding loan amount.
Investment
The allocation of resources, usually money, in the expectation of generating an income or profit.
Gross Investment
The total amount spent on new capital assets before accounting for depreciation, reflecting an economy's investment levels.
Plant And Equipment
Physical assets of a business that are permanent structures or fixed machinery used in operations.
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