Finance homework questions

Posted on 2014-03-31 13:06:00 in Finance by RAYAN3

..Metropolitan Area......% Using Facebook....Advertising Budget...

..New York...................25%.......... $25,000

..Chicago.....................18%......... $17,000

..Los Angeles..............32%........ $32,000

..Dallas........................12%....... $10,000

..Miami.........................15%....... $12,000





A. If you randomly select a small business from Dallas, What is the probability the company uses Facebook?

B. If you randomly select one of these area for a follow up study, what is the probability you will choose an area where business spends more than $20,000 on advertising?

C. What is the probability that small businesses from Miami do not use Facebook?

D. What is the average amount spent in New York Supporting social networks for all small businesses?

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