Question

The profits of a small scale industry in percentage obtained in consecutive five months is given
below.
Month August September October November December
% of Profit 61 70 79 75 81

Find the probability that a month chosen at random will have
(i) At least 70% of profit (ii) At most 70% of profit (iii) 80% of profit

Answer 1

Step-by-step explanation:

(1) total outcomes =5

favourable outcomes =4

probability =4/5

(2) total outcomes =5

favourable outcomes =4/5

(3) total outcomes =5

favourable outcomes =1

probability =1/5