Each month, the brokerage house studies various companies and rates each company's stock as being either "low risk" or "moderate to high risk." In a recent report, the brokerage house summarized its findings about 29 aerospace companies and 13 food retailers in the following table:
Company Type Low Risk Moderate to High Risk
Aerospace company 15 14
Food retailer 6 7
If we randomly select one of the total of 42 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.)
Probability
(b) Find the probability that the company's stock is moderate to high risk given that the firm is a food retailer. (Round your answer to 4 decimal places.)
Probability