Fortune magazine publishers an annual list of the 500 largest companies in the United States. The corporate headquarters for the 500 companies are located in 38 different states. The following table shows the eight states with the largest number of Fortune 500 companies.  Show Steps in Excel. Suppose one of the 500 companies is selected at random for a follow-up questionnaire. a What is the probability that the company selected has its corporate headquarters in California b What is the probability that the company selected has its corporate headquarters in California, New York, or Texas? c What is the probability that the company selected has its corporate headquarters in one of the eight states listed. State     Number of Companies California         53 Illinois              32 New Jersey      21 New York         50 Ohio                 28 Pennsylvania   23 Texas               52 Virginia             24 Sum               500

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 4ECP: Show that the probability of drawing a club at random from a standard deck of 52 playing cards is...
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Fortune magazine publishers an annual list of the 500 largest companies in the United States. The corporate headquarters for the 500 companies are located in 38 different states. The following table shows the eight states with the largest number of Fortune 500 companies.  Show Steps in Excel.


Suppose one of the 500 companies is selected at random for a follow-up questionnaire.


a What is the probability that the company selected has its corporate headquarters in California
b What is the probability that the company selected has its corporate headquarters in California, New York, or Texas?
c What is the probability that the company selected has its corporate headquarters in one of the eight states listed.

State     Number of Companies

California         53
Illinois              32

New Jersey      21
New York         50

Ohio                 28
Pennsylvania   23
Texas               52
Virginia             24
Sum               500

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