Question

Scenario 5.3:
Wanting to invest in the computer games industry, you select Whizbo, Yowzo and Zowiebo as the three best firms. Over the past 10 years, the three firms have had good years and bad years. The following table shows their performance:
Company Good Year Revenue Bad Year Revenue Number of Good Years
Whizbo $8 million $6 million 8
Yowzo $10 million $4 million 4
Zowiebo $30 million $1 million 1

Refer to Scenario 5.3. Based on the 10 years' past performance, what is the probability of a good year for Zowiebo?
A) 30/31
B) 1/31
C) 9
D) 1

Answer

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