Q:

The two tables below show the success rates of several groups of businesses in a certain city. The first shows the number of businesses of several types started in Sharon’s city over the course of two years, and the number of those businesses which did not succeed and were forced to shut down within two years of opening. The second deals with separate records of successful new businesses, showing how much profit those new businesses turned over two years. Businesses on the boundary lines fall in the lower category. Type Food Retail Financial Service Opened 3,193 2,280 1,898 5,045 Closed 1,977 1,626 1,443 3,548 Up to $25k $25-50k $50-75k $75-100k Over $100k Food 945 623 601 258 114 Retail 813 548 347 188 63 Financial 316 244 195 86 51 Service 979 739 432 174 124 Using the tables as experimental data, determine which of the following situations have a probability of at least 15.00%. I. a food establishment succeeding and earning $50,000 or more II. a service establishment succeeding and earning between $25,000 and $75,000 III. a retail establishment succeeding and earning no more than $50,000 a. I only b. I and II c. II and III d. III only

Accepted Solution

A:
The answer is D. III only. A retail establishment succeeding and earning no more than $50,000 is correct in the choices given.