THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 104

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
A survey of recent e-commerce start-up firms was undertaken at an industry convention.Representatives of the firm were asked for the geographic location of the firm as well as the firm's outlook for growth in the coming year.The results are provided below.
-What is the probability that one of these start-up firms was from the Northeast?

• A)0.04
• B)0.12
• C)0.49
• D)0.33

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Definitions:

Deduction

The process of reasoning from one or more general premises to reach a logically certain conclusion.

Analogy

A comparison between two things, typically for the purpose of explanation or clarification.

Conclusion

A conclusion is the final part of an argument or process, logically deduced from the premises or evidence presented.

Diamonds

A form of carbon, diamonds are renowned for their physical properties, particularly their hardness and optical dispersion, making them valuable for jewelry and industrial applications.