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Each month a brokerage house studies various companies and rates each ompany's stock as being...

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Finance

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Each month a brokerage house studies various companies and rates each ompany's stock as being either "low risk" or "moderate to high risk:" In a recent report, the brokerage house summarized its findings about 17 aerospace componies and 23 food retallers in the following table: If we randomly select bne of the total of 40 companies (a) Find the probability that the company's stock is moderate to high risk given that the firm is an aerospace company. (Round your answer to 4 decimal places.) (b) Find the probability that the company's stock is moderate to high risk given that the firm is a food retaller. (Round your answer to 4 decimal places.) (c) Determine if the company type is independent of the level of risk of the firm's stock. (Round your answers to 4 decimal places.)

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