# Probability

The availability of venture capital provided a big boost on funds available to companies recent years. According to Venture Economics, 2,374 venture capital disbursements were made in 1999. Of these 1,334 were to companies in California, 490 were to companies in Massachusetts, 117 were to companies in New York, and 212 were to companies in Colorado. 32% of the companies receiving funds were in the early stages of development a d 45% were in the expansion stage. Suppose you were to randomly choose one of these companies to learn about how they used the funds.

A. What is the probability the company chosen will be in New York

B. What is the probability the company chosen will not be from one of the four states mentioned.

C. What is the probability the company wil not be in the expansion stages of development

D. Assuming the companies in the early stages of development were evenly distributed across the county, how many Massachusetts companies receiving venture capital funds were in there early stages of development.

E. The total amount of funds invested was 32.4 billion. Estimate the amount that went to Colorado.

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The availability of venture capital provided a big boost on funds available to companies recent years. According to Venture Economics, 2,374 venture capital disbursements were made in 1999. Of these 1,334 were to companies in California, 490 were to companies in Massachusetts, 117 were to companies in New York, and 212 were to companies in Colorado. 32% of the companies receiving funds were in the early stages of development a d 45% were in the expansion stage. Suppose you were to randomly choose one of these companies to learn about how they used the funds.

A. What is the probability the company chosen will be in New York

Among 2,374 venture capital disbursements, 117 were to companies in New York. So, the probability the company chosen ...

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